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

Mackenzie Financial Corp cut its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 78.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,390 shares of the company’s stock after selling 72,302 shares during the quarter. Mackenzie Financial Corp’s holdings in Schneider National were worth $493,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Innealta Capital LLC bought a new stake in Schneider National during the 2nd quarter valued at approximately $53,000. Hilltop National Bank raised its position in shares of Schneider National by 28.5% during the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after buying an additional 676 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Schneider National by 51.9% in the first quarter. Covestor Ltd now owns 7,661 shares of the company’s stock worth $173,000 after buying an additional 2,617 shares in the last quarter. FCG Investment Co bought a new position in shares of Schneider National during the first quarter worth $205,000. Finally, Paloma Partners Management Co purchased a new position in Schneider National during the first quarter valued at $221,000. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Price Performance

SNDR opened at $26.98 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $27.32 and a 200 day moving average of $24.23. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $29.01. The stock has a market cap of $4.73 billion, a P/E ratio of 30.66, a PEG ratio of 2.54 and a beta of 0.85.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm posted $0.45 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Schneider National, Inc. will post 0.85 EPS for the current year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, September 13th. Schneider National’s dividend payout ratio is presently 43.18%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Susquehanna increased their price objective on shares of Schneider National from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Bank of America lowered Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 price target for the company. in a research note on Monday, July 22nd. Stifel Nicolaus cut Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a report on Thursday, August 8th. Evercore ISI lowered their target price on Schneider National from $28.00 to $27.00 and set an “in-line” rating for the company in a research report on Thursday. Finally, UBS Group boosted their price target on shares of Schneider National from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.17.

Insider Activity at Schneider National

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $27.60, for a total transaction of $276,000.00. Following the completion of the sale, the insider now directly owns 55,726 shares of the company’s stock, valued at $1,538,037.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 32.68% of the stock is owned by company insiders.

Schneider National 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.