Polaris Capital Management LLC Has $1.25 Million Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Polaris Capital Management LLC decreased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 7.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,494 shares of the transportation company’s stock after selling 1,900 shares during the quarter. Polaris Capital Management LLC’s holdings in Knight-Swift Transportation were worth $1,246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. acquired a new position in Knight-Swift Transportation during the third quarter valued at approximately $70,185,000. Fortitude Family Office LLC bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at $26,775,000. Allspring Global Investments Holdings LLC raised its stake 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 worth $219,870,000 after buying an additional 467,647 shares during the period. Nuance Investments LLC lifted its holdings in Knight-Swift Transportation by 74.5% during the third quarter. Nuance Investments LLC now owns 929,083 shares of the transportation company’s stock worth $50,124,000 after acquiring an additional 396,607 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Knight-Swift Transportation by 34.1% in the third 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 acquiring an additional 359,566 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on KNX. Barclays increased their price objective on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. TD Cowen lifted their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $48.00 to $67.00 in a research note on Friday, January 3rd. Finally, Morgan Stanley decreased their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.38.

Insider Buying and Selling

In related news, Chairman Kevin P. Knight sold 29,779 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total transaction of $1,703,061.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ploeg David Vander sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares in the company, valued at $1,754,625.90. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Knight-Swift Transportation Trading Up 0.8 %

KNX stock opened at $54.64 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The company has a market capitalization of $8.84 billion, a PE ratio of 74.84 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week high of $61.51. The company’s 50-day simple moving average is $55.12 and its 200 day simple moving average is $53.99.

Knight-Swift Transportation (NYSE:KNX) last released its 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 return on equity of 2.43% and a net margin of 1.59%. As a group, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

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.