Mackenzie Financial Corp Increases Stock Holdings in Schneider National, Inc. (NYSE:SNDR)

Mackenzie Financial Corp lifted its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 109.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,878 shares of the company's stock after buying an additional 17,208 shares during the quarter. Mackenzie Financial Corp's holdings in Schneider National were worth $751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SNDR. Raymond James Financial Inc. acquired a new position in Schneider National during the fourth quarter worth about $5,349,000. Wealth Enhancement Advisory Services LLC raised its stake in Schneider National by 9.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company's stock worth $408,000 after acquiring an additional 1,474 shares in the last quarter. Woodline Partners LP acquired a new position in Schneider National during the fourth quarter worth about $8,453,000. New York State Teachers Retirement System raised its stake in Schneider National by 33.6% during the first quarter. New York State Teachers Retirement System now owns 18,447 shares of the company's stock worth $422,000 after acquiring an additional 4,637 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Schneider National by 1,128.3% during the first quarter. GAMMA Investing LLC now owns 16,041 shares of the company's stock worth $367,000 after acquiring an additional 14,735 shares in the last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SNDR. UBS Group lowered their price objective on Schneider National from $32.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Citigroup upped their price objective on Schneider National from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. The Goldman Sachs Group raised Schneider National from a "neutral" rating to a "buy" rating and upped their price objective for the company from $24.00 to $32.00 in a research note on Monday, June 2nd. Evercore ISI lowered their price objective on Schneider National from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Finally, Stifel Nicolaus lowered their price objective on Schneider National from $25.00 to $22.00 and set a "hold" rating for the company in a research note on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $27.29.

Schneider National Stock Performance

SNDR stock traded down $0.18 during trading on Friday, reaching $23.98. The stock had a trading volume of 514,021 shares, compared to its average volume of 843,769. Schneider National, Inc. has a 52 week low of $20.59 and a 52 week high of $33.90. The stock's 50 day moving average is $24.81 and its two-hundred day moving average is $24.70. The company has a current ratio of 1.91, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.20 billion, a PE ratio of 34.25, a PEG ratio of 0.76 and a beta of 1.11.

Schneider National (NYSE:SNDR - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. Schneider National had a return on equity of 4.39% and a net margin of 2.29%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the company earned $0.21 earnings per share. Schneider National's revenue was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Friday, September 12th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 12th. Schneider National's dividend payout ratio (DPR) 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.