56,963 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. bought a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 56,963 shares of the transportation company’s stock, valued at approximately $3,021,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of Knight-Swift Transportation by 3.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company’s stock worth $221,541,000 after purchasing an additional 125,827 shares during the period. Geode Capital Management LLC increased its holdings in shares of Knight-Swift Transportation by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company’s stock worth $147,529,000 after purchasing an additional 46,436 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Knight-Swift Transportation by 34.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock worth $76,224,000 after purchasing an additional 359,566 shares during the period. Franklin Resources Inc. bought a new position in shares of Knight-Swift Transportation during the 3rd quarter worth about $70,185,000. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Knight-Swift Transportation by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,337,737 shares of the transportation company’s stock worth $72,171,000 after purchasing an additional 6,803 shares during the period. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Down 1.0 %

Shares of Knight-Swift Transportation stock opened at $53.94 on Thursday. The firm has a market capitalization of $8.73 billion, a PE ratio of 73.89 and a beta of 0.99. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $55.00 and its 200 day moving average is $54.03. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KNX has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Barclays lifted their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Citigroup lowered shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price on the stock. in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley decreased their target price on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $59.38.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.