GW&K Investment Management LLC Has $37.29 Million Stock Position in Schneider National, Inc. $SNDR

Key Points

• GW&K Investment Management trimmed its Schneider stake by 8.3% in Q3 and now holds 1,762,277 shares — about a 1.01% position valued at $37.29 million.
• Schneider missed the quarter, reporting EPS of $0.13 versus $0.21 expected and revenue of $1.25 billion against a $1.45 billion consensus, while analysts' consensus rating is "Hold" with a $28.43 target.
• Dividend and $150 million buyback: the company raised its quarterly dividend to $0.10 (annualized $0.40, ~1.5% yield) and authorized a $150M repurchase program (up to ~2.9% of shares).

GW&K Investment Management LLC lessened its holdings in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 8.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,762,277 shares of the company's stock after selling 158,775 shares during the quarter. GW&K Investment Management LLC owned 1.01% of Schneider National worth $37,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC bought a new stake in shares of Schneider National in the second quarter worth about $37,000. KBC Group NV increased its stake in Schneider National by 86.3% during the 2nd quarter. KBC Group NV now owns 2,290 shares of the company's stock worth $55,000 after purchasing an additional 1,061 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Schneider National by 136.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 8,284 shares of the company's stock worth $175,000 after buying an additional 4,784 shares during the period. Bank of Montreal Can bought a new position in Schneider National in the second quarter valued at approximately $215,000. Finally, Vise Technologies Inc. acquired a new position in shares of Schneider National in the second quarter valued at approximately $219,000. 28.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. National Bank Financial set a $27.00 price objective on shares of Schneider National in a report on Friday, February 6th. Bank of America upgraded Schneider National from a "neutral" rating to a "buy" rating and set a $32.00 price target on the stock in a report on Friday, January 9th. UBS Group reaffirmed a "neutral" rating on shares of Schneider National in a research report on Friday, January 30th. Stifel Nicolaus lowered Schneider National from a "buy" rating to a "hold" rating and dropped their target price for the company from $32.00 to $26.00 in a research report on Tuesday, February 3rd. Finally, Susquehanna upped their price target on Schneider National from $19.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $28.43.

Schneider National Stock Performance

SNDR opened at $27.34 on Friday. The business's 50-day simple moving average is $28.66 and its 200 day simple moving average is $25.31. Schneider National, Inc. has a 52-week low of $20.11 and a 52-week high of $30.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.13. The firm has a market capitalization of $4.79 billion, a PE ratio of 46.34, a PEG ratio of 0.92 and a beta of 1.06.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business earned $0.20 earnings per share. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.5%. This is an increase from Schneider National's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 13th. Schneider National's payout ratio is currently 64.41%.

Schneider National declared that its board has approved a share repurchase program on Wednesday, January 28th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total value of $173,340.00. Following the completion of the sale, the chief financial officer owned 66,275 shares in the company, valued at $1,914,684.75. This trade represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 32.68% of the stock is currently owned by corporate insiders.

Schneider National Profile

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry's most recognized carriers.

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