Legato Capital Management LLC Acquires 8,015 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Legato Capital Management LLC raised its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 149.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,385 shares of the transportation company’s stock after acquiring an additional 8,015 shares during the period. Legato Capital Management LLC’s holdings in Knight-Swift Transportation were worth $710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KNX. GAMMA Investing LLC raised its position in shares of Knight-Swift Transportation by 36.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 302 shares during the last quarter. Inspire Investing LLC raised its position in shares of Knight-Swift Transportation by 8.1% during the 3rd quarter. Inspire Investing LLC now owns 7,597 shares of the transportation company’s stock valued at $410,000 after acquiring an additional 572 shares during the last quarter. Creative Planning raised its position in shares of Knight-Swift Transportation by 4.7% during the 3rd quarter. Creative Planning now owns 21,133 shares of the transportation company’s stock valued at $1,140,000 after acquiring an additional 945 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Knight-Swift Transportation during the 3rd quarter valued at $361,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Knight-Swift Transportation by 13.0% in 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 during the period. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 1.2 %

Knight-Swift Transportation stock opened at $54.51 on Friday. The firm has a 50-day moving average of $54.94 and a 200-day moving average of $54.03. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year 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 company has a market cap of $8.83 billion, a price-to-earnings ratio of 74.68 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, 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

Several equities analysts have recently issued reports on KNX shares. Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and boosted their price target for the company from $48.00 to $67.00 in a report on Friday, January 3rd. Citigroup lowered shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target for the company. in a report on Tuesday, November 12th. Morgan Stanley decreased their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, Evercore ISI boosted their price target on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average 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.