Truist Financial Corp Grows Stock Holdings in Schneider National, Inc. (NYSE:SNDR)

Truist Financial Corp lifted its position in Schneider National, Inc. (NYSE:SNDR) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 112,991 shares of the company’s stock after buying an additional 568 shares during the period. Truist Financial Corp’s holdings in Schneider National were worth $2,876,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Ceredex Value Advisors LLC grew its holdings in Schneider National by 40.1% in the fourth quarter. Ceredex Value Advisors LLC now owns 690,800 shares of the company’s stock worth $17,635,000 after purchasing an additional 197,750 shares during the last quarter. UBS Group AG grew its stake in Schneider National by 360.1% during the 3rd quarter. UBS Group AG now owns 202,486 shares of the company’s stock worth $5,607,000 after buying an additional 158,474 shares during the last quarter. Copeland Capital Management LLC acquired a new position in Schneider National during the 4th quarter valued at about $12,547,000. QRG Capital Management Inc. purchased a new stake in Schneider National in the third quarter valued at about $2,615,000. Finally, Invesco Ltd. boosted its holdings in Schneider National by 33.5% in the third quarter. Invesco Ltd. now owns 228,063 shares of the company’s stock worth $6,315,000 after acquiring an additional 57,183 shares in the last quarter. Institutional investors own 28.54% of the company’s stock.

Analyst Upgrades and Downgrades

SNDR has been the subject of several research analyst reports. Susquehanna decreased their price objective on shares of Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. Stifel Nicolaus lowered their price objective on shares of Schneider National from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Bank of America reduced their target price on Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Stephens reissued an “equal weight” rating and issued a $28.00 price objective on shares of Schneider National in a report on Monday, February 5th. Finally, Robert W. Baird decreased their target price on Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Schneider National currently has an average rating of “Hold” and a consensus price target of $28.00.

Schneider National Trading Down 1.1 %

Shares of Schneider National stock opened at $22.15 on Wednesday. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $31.74. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.83. The company has a market cap of $3.90 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 1.47 and a beta of 0.91. The firm has a 50-day simple moving average of $22.10 and a two-hundred day simple moving average of $23.42.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 EPS. As a group, equities analysts predict that Schneider National, Inc. will post 1.09 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

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

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.