Mackenzie Financial Corp Buys 58,584 Shares of Schneider National, Inc. (NYSE:SNDR)

Mackenzie Financial Corp raised its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 213.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,064 shares of the company’s stock after acquiring 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in Schneider National during the 4th quarter valued at $29,000. Whittier Trust Co. bought a new stake in Schneider National during the 3rd quarter valued at $35,000. Winch Advisory Services LLC boosted its position in Schneider National by 61.6% during the 3rd quarter. Winch Advisory Services LLC now owns 1,320 shares of the company’s stock valued at $37,000 after acquiring an additional 503 shares in the last quarter. Quent Capital LLC boosted its position in Schneider National by 64.0% during the 4th quarter. Quent Capital LLC now owns 1,815 shares of the company’s stock valued at $46,000 after acquiring an additional 708 shares in the last quarter. Finally, CWM LLC boosted its position in Schneider National by 155.5% during the 3rd quarter. CWM LLC now owns 2,808 shares of the company’s stock valued at $78,000 after acquiring an additional 1,709 shares in the last quarter. Institutional investors own 28.54% of the company’s stock.

Wall Street Analyst Weigh In

SNDR has been the subject of several analyst reports. Benchmark reiterated a “buy” rating and set a $27.00 price objective on shares of Schneider National in a report on Friday, April 12th. TD Cowen decreased their price objective on Schneider National from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, February 2nd. Bank of America decreased their price objective on Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Evercore ISI lowered Schneider National from an “outperform” rating to an “inline” rating and set a $25.00 price objective for the company. in a report on Thursday, January 4th. Finally, Robert W. Baird decreased their price objective on 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.07.

Schneider National Stock Performance

Shares of SNDR stock opened at $21.13 on Wednesday. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.64. The business has a fifty day moving average of $22.58 and a 200 day moving average of $23.82. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $31.74.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The company had revenue of $1.37 billion for 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 quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. As a group, research analysts expect that Schneider National, Inc. will post 1.09 earnings per share for the current year.

Schneider National Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 8th were paid a dividend of $0.095 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from Schneider National’s previous quarterly dividend of $0.09. Schneider National’s dividend payout ratio (DPR) is presently 28.57%.

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.