Truist Financial Corp Increases Stock Position in Schneider National, Inc. (NYSE:SNDR)

Truist Financial Corp increased its position in shares of Schneider National, Inc. (NYSE:SNDR – Get Rating) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,934 shares of the company’s stock after buying an additional 1,286 shares during the period. Truist Financial Corp’s holdings in Schneider National were worth $1,724,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Schneider National by 5.4% during the first quarter. Vanguard Group Inc. now owns 4,816,076 shares of the company’s stock valued at $122,810,000 after purchasing an additional 244,894 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Schneider National by 1.8% in the first quarter. BlackRock Inc. now owns 4,137,866 shares of the company’s stock worth $105,515,000 after buying an additional 71,701 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Schneider National by 14.1% in the second quarter. AQR Capital Management LLC now owns 3,274,628 shares of the company’s stock worth $72,566,000 after buying an additional 404,251 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Schneider National by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,048,396 shares of the company’s stock worth $52,239,000 after buying an additional 34,672 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Schneider National by 12.6% in the first quarter. State Street Corp now owns 1,744,989 shares of the company’s stock worth $44,635,000 after buying an additional 195,165 shares in the last quarter. 27.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Schneider National

In related news, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the insider now owns 134,497 shares in the company, valued at $3,362,425. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 32.97% of the company’s stock.

Schneider National Price Performance

Shares of SNDR opened at $24.82 on Wednesday. Schneider National, Inc. has a 1-year low of $20.26 and a 1-year high of $27.24. The stock has a market cap of $4.42 billion, a PE ratio of 9.19, a P/E/G ratio of 1.60 and a beta of 1.05. The firm has a 50-day simple moving average of $24.59 and a two-hundred day simple moving average of $23.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.92 and a quick ratio of 1.86.

Schneider National (NYSE:SNDR – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Schneider National had a net margin of 7.28% and a return on equity of 19.14%. As a group, analysts forecast that Schneider National, Inc. will post 2.61 EPS for the current year.

Schneider National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 10th. Investors of record on Friday, December 9th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Thursday, December 8th. Schneider National’s dividend payout ratio (DPR) is currently 11.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group raised shares of Schneider National from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $28.00 to $20.00 in a research note on Friday, November 11th. Citigroup raised their price target on shares of Schneider National from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 11th. Susquehanna cut shares of Schneider National from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $28.00 to $27.00 in a research report on Monday, January 9th. Credit Suisse Group cut their price objective on shares of Schneider National from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, Benchmark began coverage on shares of Schneider National in a research report on Tuesday, December 20th. They set a “buy” rating and a $31.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.07.

Schneider National Company Profile

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Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers standard long-haul and regional shipping services primarily through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as cross dock and customized solutions for time-sensitive loads.