Campbell & CO Investment Adviser LLC Buys New Position in Knight-Swift Transportation Holdings Inc. $KNX

Campbell & CO Investment Adviser LLC bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 18,948 shares of the transportation company’s stock, valued at approximately $749,000.

Several other hedge funds have also made changes to their positions in KNX. ProShare Advisors LLC grew its holdings in shares of Knight-Swift Transportation by 3.8% in the second quarter. ProShare Advisors LLC now owns 7,529 shares of the transportation company’s stock valued at $333,000 after purchasing an additional 276 shares in the last quarter. Benjamin Edwards Inc. boosted its position in Knight-Swift Transportation by 4.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 8,130 shares of the transportation company’s stock valued at $321,000 after buying an additional 351 shares during the period. IFP Advisors Inc grew its stake in shares of Knight-Swift Transportation by 21.3% in the second quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company’s stock worth $96,000 after acquiring an additional 379 shares in the last quarter. CWM LLC increased its position in shares of Knight-Swift Transportation by 0.9% during the third quarter. CWM LLC now owns 42,000 shares of the transportation company’s stock worth $1,659,000 after acquiring an additional 391 shares during the period. Finally, Allworth Financial LP increased its position in shares of Knight-Swift Transportation by 14.8% during the second quarter. Allworth Financial LP now owns 3,493 shares of the transportation company’s stock worth $154,000 after acquiring an additional 449 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Down 2.9%

KNX opened at $55.00 on Wednesday. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $8.93 billion, a P/E ratio of 62.51, a price-to-earnings-growth ratio of 0.75 and a beta of 1.16. The business’s 50-day simple moving average is $50.93 and its 200-day simple moving average is $46.16.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.91 billion. Knight-Swift Transportation had a net margin of 1.90% and a return on equity of 2.98%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. Analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Insider Activity

In other news, Chairman Kevin P. Knight sold 35,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $51.01, for a total value of $1,785,350.00. Following the completion of the sale, the chairman directly owned 1,405,347 shares of the company’s stock, valued at approximately $71,686,750.47. This represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Cary M. Flanagan sold 4,300 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $45.04, for a total transaction of $193,672.00. Following the completion of the sale, the chief accounting officer owned 5,644 shares of the company’s stock, valued at approximately $254,205.76. This trade represents a 43.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 43,992 shares of company stock valued at $2,220,707. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on KNX shares. Zacks Research raised Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Citigroup raised their target price on shares of Knight-Swift Transportation from $59.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Bank of America upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $41.00 to $50.00 in a report on Thursday, October 16th. Raymond James Financial increased their price objective on shares of Knight-Swift Transportation from $55.00 to $59.00 and gave the company a “strong-buy” rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Knight-Swift Transportation from $49.00 to $61.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.35.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.