Mackenzie Financial Corp Raises Position in Schneider National, Inc. (NYSE:SNDR)

Mackenzie Financial Corp increased its holdings in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 109.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,878 shares of the company's stock after purchasing an additional 17,208 shares during the quarter. Mackenzie Financial Corp's holdings in Schneider National were worth $751,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in shares of Schneider National by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,410,100 shares of the company's stock worth $129,128,000 after acquiring an additional 144,133 shares during the last quarter. Vanguard Group Inc. boosted its stake in Schneider National by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 4,369,533 shares of the company's stock worth $127,940,000 after purchasing an additional 172,418 shares during the period. First Trust Advisors LP grew its position in Schneider National by 87.8% during the 4th quarter. First Trust Advisors LP now owns 2,200,452 shares of the company's stock worth $64,429,000 after purchasing an additional 1,028,789 shares during the last quarter. Two Sigma Advisers LP increased its stake in Schneider National by 40.4% in the fourth quarter. Two Sigma Advisers LP now owns 702,900 shares of the company's stock valued at $20,581,000 after purchasing an additional 202,100 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Schneider National by 3.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 574,559 shares of the company's stock valued at $16,823,000 after buying an additional 21,017 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SNDR. Bank of America raised their price target on Schneider National from $23.00 to $26.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. The Goldman Sachs Group raised Schneider National from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $24.00 to $32.00 in a research report on Monday, June 2nd. Citigroup lifted their target price on Schneider National from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. UBS Group dropped their target price on Schneider National from $32.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus reduced their price objective on shares of Schneider National from $25.00 to $22.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.29.

Schneider National Price Performance

NYSE SNDR traded down $0.18 during trading hours on Friday, reaching $23.98. The company's stock had a trading volume of 514,021 shares, compared to its average volume of 811,486. Schneider National, Inc. has a fifty-two week low of $20.59 and a fifty-two week high of $33.90. The stock has a market cap of $4.20 billion, a PE ratio of 34.25, a PEG ratio of 0.79 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 1.91. The company's 50-day moving average is $24.79 and its two-hundred day moving average is $24.78.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. Schneider National had a net margin of 2.29% and a return on equity of 4.39%. The business had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period last year, the company posted $0.21 EPS. The company's revenue was up 7.9% on a year-over-year basis. Analysts forecast that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, September 12th. Schneider National's dividend payout ratio is 54.29%.

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.