Truist Financial Corp Cuts Stake in Schneider National, Inc. $SNDR

Truist Financial Corp decreased its holdings in Schneider National, Inc. (NYSE:SNDR) by 67.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,936 shares of the company’s stock after selling 57,875 shares during the period. Truist Financial Corp’s holdings in Schneider National were worth $741,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Horizon Investments LLC purchased a new stake in shares of Schneider National in the 4th quarter valued at $617,000. Oppenheimer Asset Management Inc. boosted its stake in shares of Schneider National by 1.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 125,924 shares of the company’s stock valued at $3,341,000 after purchasing an additional 1,855 shares in the last quarter. Interchange Capital Partners LLC bought a new stake in Schneider National during the 4th quarter valued at $234,000. Certuity LLC bought a new stake in Schneider National during the 4th quarter valued at $282,000. Finally, Pictet Asset Management Holding SA bought a new stake in Schneider National during the 4th quarter valued at $241,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Stock Up 0.1%

Shares of NYSE SNDR opened at $31.98 on Monday. The company has a current ratio of 1.95, a quick ratio of 1.83 and a debt-to-equity ratio of 0.13. Schneider National, Inc. has a 12 month low of $20.11 and a 12 month high of $33.34. The firm has a market capitalization of $5.60 billion, a PE ratio of 57.10, a price-to-earnings-growth ratio of 0.89 and a beta of 1.14. The firm has a fifty day simple moving average of $27.72 and a two-hundred day simple moving average of $26.86.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Schneider National had a net margin of 1.73% and a return on equity of 3.45%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the business earned $0.16 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. Schneider National has set its FY 2026 guidance at 0.700-1.00 EPS. Equities analysts expect that Schneider National, Inc. will post 0.9 earnings per share for the current year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 12th will be issued a $0.10 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.40 annualized dividend and a yield of 1.3%. Schneider National’s dividend payout ratio is 71.43%.

Schneider National declared that its Board of Directors has initiated a stock buyback program on Wednesday, January 28th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SNDR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Schneider National in a report on Friday, March 27th. TD Cowen upped their price target on shares of Schneider National from $30.00 to $32.00 and gave the company a “buy” rating in a report on Friday, May 1st. Citigroup upped their price target on shares of Schneider National from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Stifel Nicolaus lowered shares of Schneider National from a “buy” rating to a “hold” rating and lowered their price target for the company from $32.00 to $26.00 in a report on Tuesday, February 3rd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Schneider National in a report on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.71.

Insider Buying and Selling at Schneider National

In other Schneider National news, VP Magnin Shelly A. Dumas sold 2,425 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $30.90, for a total value of $74,932.50. Following the completion of the transaction, the vice president directly owned 24,697 shares in the company, valued at approximately $763,137.30. This represents a 8.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Darrell George Campbell sold 6,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $28.89, for a total transaction of $173,340.00. Following the completion of the transaction, the chief financial officer owned 66,275 shares of the company’s stock, valued at $1,914,684.75. This trade represents a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 23.64% of the stock is currently owned by corporate insiders.

Schneider National Company Profile

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.