Schneider National, Inc. (NYSE:SNDR) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 19.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,609 shares of the company's stock after selling 20,968 shares during the period. Truist Financial Corp's holdings in Schneider National were worth $2,092,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SNDR. Deprince Race & Zollo Inc. purchased a new position in Schneider National during the second quarter worth about $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Schneider National during the 2nd quarter valued at approximately $15,216,000. Encompass Capital Advisors LLC acquired a new position in Schneider National in the second quarter valued at approximately $12,376,000. Earnest Partners LLC grew its position in Schneider National by 25.5% in the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company's stock worth $52,334,000 after acquiring an additional 440,545 shares during the period. Finally, Vanguard Group Inc. increased its stake in Schneider National by 10.6% during the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company's stock worth $91,964,000 after acquiring an additional 388,913 shares during the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Stock Up 2.2 %

NYSE SNDR traded up $0.59 on Friday, hitting $27.64. 431,429 shares of the stock were exchanged, compared to its average volume of 847,966. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $29.01. The company has a 50-day moving average price of $27.34 and a 200-day moving average price of $24.38. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The company has a market cap of $4.84 billion, a PE ratio of 41.62, a PEG ratio of 2.51 and a beta of 0.85.

Schneider National (NYSE:SNDR - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company's revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Sell-side analysts anticipate that Schneider National, Inc. will post 0.85 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 13th were issued a dividend of $0.095 per share. The ex-dividend date was Friday, September 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.37%. Schneider National's payout ratio is currently 58.46%.

Insider Transactions at Schneider National

In other news, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $27.60, for a total transaction of $276,000.00. Following the sale, the insider now owns 55,726 shares in the company, valued at approximately $1,538,037.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 32.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Susquehanna raised their price objective on Schneider National from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, September 26th. Bank of America lowered shares of Schneider National from a "neutral" rating to an "underperform" rating and set a $23.00 price objective on the stock. in a report on Monday, July 22nd. Stifel Nicolaus lowered Schneider National from a "buy" rating to a "hold" rating and set a $25.00 target price on the stock. in a research report on Thursday, August 8th. Citigroup began coverage on Schneider National in a research note on Wednesday. They set a "neutral" rating and a $29.00 price target on the stock. Finally, Robert W. Baird boosted their price objective on Schneider National from $26.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.08.

Schneider National Company Profile

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.