Truist Financial Corp Buys 528 Shares of Schneider National, Inc. (NYSE:SNDR)

Truist Financial Corp increased its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,613 shares of the company’s stock after acquiring an additional 528 shares during the quarter. Truist Financial Corp owned approximately 0.05% of Schneider National worth $2,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC grew its position in Schneider National by 52.6% during the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after acquiring an additional 450 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Schneider National by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,075 shares of the company’s stock worth $822,000 after buying an additional 710 shares during the last quarter. Principal Securities Inc. grew its position in shares of Schneider National by 28.4% in the 4th quarter. Principal Securities Inc. now owns 4,626 shares of the company’s stock worth $135,000 after buying an additional 1,022 shares during the last quarter. Blue Trust Inc. grew its position in shares of Schneider National by 489.1% in the 4th quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock worth $46,000 after buying an additional 1,350 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Schneider National by 1.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 114,941 shares of the company’s stock worth $3,280,000 after buying an additional 1,424 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors.

Insider Transactions at Schneider National

In related news, insider Shaleen Devgun sold 10,000 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $29.04, for a total transaction of $290,400.00. Following the completion of the sale, the insider now owns 95,191 shares in the company, valued at approximately $2,764,346.64. This represents a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total value of $198,062.50. Following the sale, the chief accounting officer now owns 155,366 shares of the company’s stock, valued at approximately $4,923,548.54. This trade represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 32.68% of the company’s stock.

Schneider National Stock Up 0.3 %

Shares of NYSE:SNDR opened at $26.67 on Wednesday. The stock has a fifty day simple moving average of $29.01 and a two-hundred day simple moving average of $28.92. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 41.02, a PEG ratio of 0.54 and a beta of 0.93. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period in the previous year, the company earned $0.16 earnings per share. On average, research analysts anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Friday, March 14th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, March 14th. Schneider National’s dividend payout ratio is currently 58.46%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SNDR. Evercore ISI cut their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. TD Cowen lifted their price objective on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Bank of America lifted their price target on Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Susquehanna lifted their price target on Schneider National from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Benchmark lifted their price target on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Schneider National presently has an average rating of “Hold” and an average target price of $30.85.

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.