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2025-01-09   

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A key figure in a trucker protest that jammed Canada's capital and sparked a global movement against Covid mandates was found guilty Friday for his role in the blockade. The self-styled "Freedom Convoy" of big rig drivers and protesters rolled into Ottawa in early 2022 from across Canada to express anger at government protocols imposed to contain Covid-19. After three weeks of turmoil, Prime Minister Justin Trudeau invoked rarely used emergency powers to dislodge the protesters. Pat King was among hundreds of people arrested, and the first of the protest leaders to be convicted. Two other organizers, Tamara Lich and Chris Barber faced a separate criminal trial but those verdicts are not expected until 2025. King faces up to 10 years in prison after being convicted on five charges, including mischief, counselling others to commit mischief and disobeying a court order. Acquitted of more serious charges, he smiled at a packed courtroom of supporters as the judge read the verdict. "Mr King was not merely engaging in political speech," Justice Charles Hackland said. "Rather, he was inciting the protesters to continue their ongoing blockade of downtown Ottawa." King led hundreds of big rigs and thousands of protestors to Ottawa, bringing the capital to a standstill for more than three weeks. Residents and business owners complained of incessant honking and harassment. As the demonstrators' demands expanded to a broader anti-establishment agenda, solidarity rallies popped up at Canada-US trade corridors and various places abroad. Most of the evidence at trial consisted of videos King posted on social media in which he urged his nearly 300,000 followers to rail against government overreach. "Hold the line," he said in video posts, appearing also to delight in the gridlock and misery of locals: "Pretty hilarious that people haven't been able to sleep for 10 days." Trudeau faced strong criticisms from civil liberties groups and the opposition Conservatives for invoking the Emergencies Act to dislodge the protestors. But a commission of inquiry ruled it had been "appropriate," calling it "a drastic move, but... not a dictatorial one." amc/bs/bfmCitigroup Inc. raised its holdings in shares of Lamb Weston Holdings, Inc. ( NYSE:LW – Free Report ) by 39.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 156,242 shares of the specialty retailer’s stock after acquiring an additional 44,057 shares during the quarter. Citigroup Inc.’s holdings in Lamb Weston were worth $10,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors and hedge funds have also modified their holdings of the business. City State Bank raised its position in shares of Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Crewe Advisors LLC raised its position in shares of Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 261 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Lamb Weston during the 3rd quarter valued at $29,000. GAMMA Investing LLC raised its position in shares of Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 220 shares during the period. Finally, Riverview Trust Co bought a new stake in shares of Lamb Weston during the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 89.56% of the company’s stock. Lamb Weston Stock Performance Shares of NYSE:LW opened at $77.24 on Friday. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The stock has a market capitalization of $11.01 billion, a P/E ratio of 18.13, a PEG ratio of 1.37 and a beta of 0.72. The firm has a fifty day simple moving average of $74.25 and a two-hundred day simple moving average of $73.75. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. Lamb Weston Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. Lamb Weston’s dividend payout ratio is presently 33.80%. Wall Street Analysts Forecast Growth LW has been the topic of several recent analyst reports. Bank of America raised their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 price target (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. TD Cowen lifted their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Stifel Nicolaus lifted their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Barclays lifted their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $82.22. Check Out Our Latest Report on LW Lamb Weston Profile ( Free Report ) Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels. Featured Articles Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston Holdings, Inc. ( NYSE:LW – Free Report ). Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter .

Racing Optics® Introduces Game-Changing Twilight Tearoff to Enhance Visibility in Low-Light Racing ConditionsMutual of America Capital Management LLC acquired a new stake in shares of Schneider National, Inc. ( NYSE:SNDR – Free Report ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,071 shares of the company’s stock, valued at approximately $202,000. Other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in Schneider National during the second quarter valued at approximately $53,000. DekaBank Deutsche Girozentrale purchased a new stake in Schneider National during the third quarter valued at about $73,000. Hilltop National Bank boosted its position in 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 period. SG Americas Securities LLC bought a new position in shares of Schneider National during the third quarter valued at about $109,000. Finally, Hills Bank & Trust Co purchased a new position in shares of Schneider National in the third quarter worth about $112,000. Hedge funds and other institutional investors own 28.54% of the company’s stock. Analysts Set New Price Targets Several equities analysts recently issued reports on the company. Benchmark raised their price target on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Bank of America upped their price target on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus raised their price target on shares of Schneider National from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Susquehanna lowered their price objective on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Schneider National has an average rating of “Hold” and an average target price of $29.08. Schneider National Stock Performance SNDR stock opened at $33.63 on Friday. The stock has a market capitalization of $5.89 billion, a PE ratio of 54.24, a price-to-earnings-growth ratio of 2.84 and a beta of 0.85. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $29.15 and its 200 day simple moving average is $26.30. Schneider National ( NYSE:SNDR – Get Free Report ) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. As a group, research analysts forecast that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year. Schneider National Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.13%. Schneider National’s payout ratio is 61.29%. Schneider National Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding SNDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schneider National, Inc. ( NYSE:SNDR – Free Report ). Receive News & Ratings for Schneider National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schneider National and related companies with MarketBeat.com's FREE daily email newsletter .

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