Truist Financial Corp Acquires 568 Shares of Schneider National, Inc. (NYSE:SNDR)

Truist Financial Corp raised its holdings in Schneider National, Inc. (NYSE:SNDR) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,991 shares of the company’s stock after purchasing an additional 568 shares during the quarter. Truist Financial Corp owned 0.06% of Schneider National worth $2,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SNDR. Bruce G. Allen Investments LLC bought a new position in Schneider National during the fourth quarter valued at about $29,000. Whittier Trust Co. purchased a new position in Schneider National in the 3rd quarter valued at approximately $35,000. Winch Advisory Services LLC raised its holdings in Schneider National by 61.6% during the 3rd quarter. Winch Advisory Services LLC now owns 1,320 shares of the company’s stock valued at $37,000 after acquiring an additional 503 shares during the period. Quent Capital LLC lifted its position in shares of Schneider National by 64.0% during the fourth quarter. Quent Capital LLC now owns 1,815 shares of the company’s stock worth $46,000 after acquiring an additional 708 shares in the last quarter. Finally, Group One Trading L.P. bought a new position in shares of Schneider National in the third quarter worth $111,000. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Stock Down 1.1 %

SNDR opened at $22.15 on Wednesday. The company has a market cap of $3.90 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.47 and a beta of 0.91. Schneider National, Inc. has a 12 month low of $20.50 and a 12 month high of $31.74. The business’s 50-day moving average price is $22.10 and its 200-day moving average price is $23.42. The company has a current ratio of 1.83, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Schneider National had a net margin of 2.95% and a return on equity of 5.55%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, equities analysts expect that Schneider National, Inc. will post 1.09 EPS for the current year.

Schneider National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, June 7th. Schneider National’s dividend payout ratio (DPR) is 43.18%.

Wall Street Analysts Forecast Growth

SNDR has been the topic of a number of analyst reports. Bank of America decreased their target price on shares of Schneider National from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Stifel Nicolaus decreased their target price on Schneider National from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. TD Cowen dropped their price target on Schneider National from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Benchmark restated a “buy” rating and issued a $27.00 price objective on shares of Schneider National in a research report on Friday, May 3rd. Finally, Robert W. Baird dropped their target price on shares of Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.00.

About Schneider National

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.