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

Campbell & CO Investment Adviser LLC bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 3rd quarter, Holdings Channel reports. The firm bought 18,948 shares of the transportation company’s stock, valued at approximately $749,000.

A number of other institutional investors have also modified their holdings of KNX. SJS Investment Consulting Inc. lifted its holdings in shares of Knight-Swift Transportation by 7,100.0% during the third quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock worth $37,000 after purchasing an additional 923 shares during the period. Versant Capital Management Inc lifted its stake in shares of Knight-Swift Transportation by 111.3% in the 3rd quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock worth $37,000 after acquiring an additional 493 shares during the period. Employees Retirement System of Texas purchased a new stake in shares of Knight-Swift Transportation in the second quarter valued at about $58,000. UMB Bank n.a. increased its stake in shares of Knight-Swift Transportation by 43.3% during the second quarter. UMB Bank n.a. now owns 1,624 shares of the transportation company’s stock worth $72,000 after acquiring an additional 491 shares during the period. Finally, Bartlett & CO. Wealth Management LLC raised its holdings in Knight-Swift Transportation by 68.7% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 2,087 shares of the transportation company’s stock worth $82,000 after purchasing an additional 850 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Down 2.9%

KNX stock opened at $55.00 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.33 and a quick ratio of 1.33. The company’s 50 day simple moving average is $50.93 and its 200-day simple moving average is $46.16. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The firm has a market capitalization of $8.93 billion, a PE ratio of 62.51, a P/E/G ratio of 0.75 and a beta of 1.16.

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

Wall Street Analyst Weigh In

KNX has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $43.00 to $53.00 in a report on Thursday, October 2nd. Raymond James Financial lifted their price target on Knight-Swift Transportation from $55.00 to $59.00 and gave the company a “strong-buy” rating in a research note on Tuesday, October 14th. Weiss Ratings upgraded shares of Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, December 29th. Bank of America upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $41.00 to $50.00 in a research report on Thursday, October 16th. Finally, Zacks Research raised Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.35.

Insider Transactions at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 35,000 shares of the business’s stock in a transaction 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 transaction, the chairman directly owned 1,405,347 shares of the company’s stock, valued at $71,686,750.47. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Cary M. Flanagan sold 4,300 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $45.04, for a total value of $193,672.00. Following the sale, the chief accounting officer directly owned 5,644 shares in the company, valued at approximately $254,205.76. The trade was a 43.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 43,992 shares of company stock valued at $2,220,707 over the last three months. 3.00% of the stock is currently owned by insiders.

Knight-Swift Transportation 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.