WCM Investment Management LLC Acquires Shares of 309,224 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

WCM Investment Management LLC purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 309,224 shares of the transportation company's stock, valued at approximately $16,256,000. WCM Investment Management LLC owned about 0.19% of Knight-Swift Transportation at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KNX. Deseret Mutual Benefit Administrators raised its position in shares of Knight-Swift Transportation by 87.2% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company's stock valued at $40,000 after purchasing an additional 348 shares during the period. UMB Bank n.a. raised its position in shares of Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock valued at $43,000 after purchasing an additional 370 shares during the period. 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 purchasing an additional 302 shares during the period. Venturi Wealth Management LLC raised its position in shares of Knight-Swift Transportation by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock valued at $62,000 after purchasing an additional 292 shares during the period. Finally, Quarry LP raised its position in shares of Knight-Swift Transportation by 71.1% during the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company's stock valued at $65,000 after purchasing an additional 499 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Trading Up 1.2 %

Shares of KNX stock traded up $0.64 during trading hours on Thursday, reaching $54.51. 1,653,187 shares of the stock were exchanged, compared to its average volume of 2,202,465. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $61.51. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The company's 50-day moving average price is $54.94 and its 200-day moving average price is $54.03. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 74.68 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings results 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%. As a group, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KNX. Susquehanna upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "positive" rating and lifted their price target for the company from $48.00 to $67.00 in a report on Friday, January 3rd. Barclays lifted their price target on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Citigroup downgraded shares of Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 price target on the stock. in a report on Tuesday, November 12th. Morgan Stanley reduced their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $59.38.

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.