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

Mackenzie Financial Corp raised its position in Schneider National, Inc. (NYSE:SNDR) by 109.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,878 shares of the company’s stock after purchasing an additional 17,208 shares during the period. Mackenzie Financial Corp’s holdings in Schneider National were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. KBC Group NV purchased a new stake in shares of Schneider National in the 1st quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Schneider National in the 4th quarter valued at $48,000. CIBC Private Wealth Group LLC grew its position in shares of Schneider National by 4,856.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,379 shares of the company’s stock valued at $69,000 after buying an additional 2,331 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Schneider National in the 4th quarter valued at $76,000. Finally, CWM LLC grew its position in shares of Schneider National by 103.4% in the 1st quarter. CWM LLC now owns 3,513 shares of the company’s stock valued at $80,000 after buying an additional 1,786 shares during the last quarter. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Stock Up 0.4%

Shares of NYSE:SNDR opened at $24.87 on Thursday. The company has a quick ratio of 1.77, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. Schneider National, Inc. has a fifty-two week low of $20.59 and a fifty-two week high of $33.90. The firm’s 50-day simple moving average is $24.78 and its 200-day simple moving average is $24.82. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 0.78 and a beta of 1.11.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Schneider National had a net margin of 2.29% and a return on equity of 4.39%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business earned $0.21 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, September 12th. This represents a $0.38 dividend on an annualized basis and a yield of 1.5%. Schneider National’s payout ratio is presently 54.29%.

Wall Street Analyst Weigh In

SNDR has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their target price on shares of Schneider National from $25.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, May 2nd. Bank of America increased their target price on shares of Schneider National from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Citigroup increased their target price on shares of Schneider National from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. The Goldman Sachs Group upgraded shares of Schneider National from a “neutral” rating to a “buy” rating and increased their price target for the stock from $24.00 to $32.00 in a research note on Monday, June 2nd. Finally, Robert W. Baird initiated coverage on shares of Schneider National in a research note on Tuesday, July 1st. They set an “outperform” rating and a $28.00 price target for the company. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Schneider National has an average rating of “Moderate Buy” and a consensus price target of $27.29.

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.