Versor Investments LP Buys 6,600 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Versor Investments LP boosted its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 53.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,900 shares of the transportation company’s stock after purchasing an additional 6,600 shares during the period. Versor Investments LP’s holdings in Knight-Swift Transportation were worth $1,020,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Versant Capital Management Inc increased its stake in shares of Knight-Swift Transportation by 3,461.9% in the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock worth $37,000 after purchasing an additional 727 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of Knight-Swift Transportation by 87.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after purchasing an additional 348 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Knight-Swift Transportation by 28.6% in the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after purchasing an additional 200 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Knight-Swift Transportation by 50.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock worth $51,000 after purchasing an additional 343 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Knight-Swift Transportation by 168.3% in the second quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock worth $51,000 after purchasing an additional 579 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $53.32, for a total transaction of $133,300.00. Following the completion of the sale, the director now directly owns 21,833 shares in the company, valued at approximately $1,164,135.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KNX. The Goldman Sachs Group reduced their target price on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Bank of America lifted their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Barclays lifted their target price on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Susquehanna boosted their price objective on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, Morgan Stanley reduced their price objective on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.94.

Knight-Swift Transportation Price Performance

KNX stock opened at $58.88 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $60.99. The stock has a market cap of $9.53 billion, a PE ratio of 256.00, a P/E/G ratio of 2.17 and a beta of 0.93. The firm has a 50 day simple moving average of $52.57 and a two-hundred day simple moving average of $50.71.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.91 billion. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. On average, analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current fiscal year.

About Knight-Swift Transportation

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.