Mackenzie Financial Corp Has $2.19 Million Stake in Schneider National, Inc. (NYSE:SNDR)

Mackenzie Financial Corp boosted its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 213.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,064 shares of the company's stock after buying an additional 58,584 shares during the quarter. Mackenzie Financial Corp's holdings in Schneider National were worth $2,190,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Winch Advisory Services LLC lifted its holdings in Schneider National by 61.6% during the third quarter. Winch Advisory Services LLC now owns 1,320 shares of the company's stock valued at $37,000 after purchasing an additional 503 shares in the last quarter. Quent Capital LLC lifted its stake in shares of Schneider National by 64.0% in the fourth quarter. Quent Capital LLC now owns 1,815 shares of the company's stock worth $46,000 after buying an additional 708 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Schneider National by 1.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 59,139 shares of the company's stock worth $1,638,000 after buying an additional 713 shares in the last quarter. Swiss National Bank lifted its stake in shares of Schneider National by 0.7% in the third quarter. Swiss National Bank now owns 115,300 shares of the company's stock worth $3,193,000 after buying an additional 800 shares in the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Schneider National in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 28.54% of the company's stock.

Schneider National Stock Performance

Schneider National stock traded down $0.07 during trading hours on Wednesday, reaching $21.07. 717,011 shares of the stock were exchanged, compared to its average volume of 827,296. The stock has a market cap of $3.71 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.41 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.83. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $31.74. The firm's 50 day moving average is $22.52 and its 200 day moving average is $23.80.

Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.05). The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.35 billion. Schneider National had a net margin of 4.34% and a return on equity of 8.23%. The business's revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. Analysts predict that Schneider National, Inc. will post 1.09 EPS for the current fiscal year.

Schneider National Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Friday, March 8th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Schneider National's previous quarterly dividend of $0.09. Schneider National's dividend payout ratio (DPR) is currently 28.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. TD Cowen dropped their price target on shares of Schneider National from $28.00 to $26.00 and set an "outperform" rating for the company in a research report on Friday, February 2nd. Bank of America dropped their price objective on shares of Schneider National from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Monday, April 15th. Stephens reiterated an "equal weight" rating and issued a $28.00 price target on shares of Schneider National in a research note on Monday, February 5th. Evercore ISI cut shares of Schneider National from an "outperform" rating to an "inline" rating and set a $25.00 target price for the company. in a report on Thursday, January 4th. Finally, Robert W. Baird lowered their target price on shares of Schneider National from $29.00 to $27.00 and set an "outperform" rating for the company in a report on Thursday, April 4th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $28.07.

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.