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

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Knight-Swift Transportation by 36.6% during the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock valued at $61,000 after buying an additional 302 shares during the last quarter. Inspire Investing LLC grew its position in shares of Knight-Swift Transportation by 8.1% during the third quarter. Inspire Investing LLC now owns 7,597 shares of the transportation company’s stock worth $410,000 after purchasing an additional 572 shares in the last quarter. Creative Planning grew its position in shares of Knight-Swift Transportation by 4.7% during the third quarter. Creative Planning now owns 21,133 shares of the transportation company’s stock worth $1,140,000 after purchasing an additional 945 shares in the last quarter. nVerses Capital LLC purchased a new position in Knight-Swift Transportation during the 3rd quarter valued at approximately $361,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Knight-Swift Transportation by 13.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company’s stock valued at $219,870,000 after buying an additional 467,647 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $53.94 on Thursday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The firm has a market capitalization of $8.73 billion, a PE ratio of 73.89 and a beta of 0.99. The company’s 50 day simple moving average is $55.00 and its 200 day simple moving average is $54.03.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on KNX. Stifel Nicolaus lifted their target price on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Evercore ISI upped their price target on Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their price target on 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 price objective on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Bank of America lifted their target price on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.38.

Knight-Swift Transportation 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.