Earlier the same day, Rourke exercised stock options to acquire 41,208 shares of Class B common stock at a price of $17.00 per share. This exercise, valued at approximately $700,536, was part of an options plan that had its exercise price adjusted due to a special dividend paid in 2020. Following these transactions, Rourke holds 266,887 shares directly in the $5.79 billion market cap company. For deeper insights into insider transactions and comprehensive analysis, InvestingPro subscribers can access the detailed Pro Research Report, which covers key metrics and expert analysis for smarter investment decisions.
Earlier the same day, Rourke exercised stock options to acquire 41,208 shares of Class B common stock at a price of $17.00 per share. This exercise, valued at approximately $700,536, was part of an options plan that had its exercise price adjusted due to a special dividend paid in 2020. Following these transactions, Rourke holds 266,887 shares directly in the $5.79 billion market cap company. For deeper insights into insider transactions and comprehensive analysis, InvestingPro subscribers can access the detailed Pro Research Report, which covers key metrics and expert analysis for smarter investment decisions.
In other recent news, Schneider National (NYSE:SNDR)'s stock price target has been adjusted by various financial analyst firms. Benchmark increased the target to $34.00, maintaining a Buy rating, based on a moderated outlook for margin recovery and an expected gradual improvement in Truckload contract pricing and margins into 2025. Similarly, TD Cowen revised its target for Schneider National to $34.00, maintaining a Buy rating, in light of the company's recent acquisition of Cowan Systems.
The acquisition, valued at $390 million, is expected to enhance Schneider's Dedicated segment, adding approximately 1,800 trucks and 7,500 trailers to its fleet. BofA Securities also upgraded Schneider National's rating from Underperform to Buy, raising the price target to $34.00, following the recent U.S. election, which is expected to enhance consumer confidence and domestic manufacturing. However, Evercore ISI reduced Schneider National's price target from $27.00 to $26.00, retaining an In Line rating, following the company's third-quarter earnings report.
These recent developments suggest a generally positive outlook for Schneider National, despite some challenges. The company reported steady revenues of $1.2 billion in its recent third-quarter earnings report, although the adjusted diluted earnings per share saw a minor dip from $0.20 to $0.18. Despite this, Schneider National anticipates a stronger fourth quarter, predicting improved market conditions and seasonal effects.
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