Pacer Advisors Inc. Has $1.17 Million Holdings in Knife River Co. (NYSE:KNF)

Pacer Advisors Inc. grew its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 38.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,497 shares of the company's stock after purchasing an additional 3,192 shares during the quarter. Pacer Advisors Inc.'s holdings in Knife River were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Knife River by 129.4% in the third quarter. GAMMA Investing LLC now owns 312 shares of the company's stock worth $28,000 after buying an additional 176 shares during the last quarter. Huntington National Bank lifted its holdings in Knife River by 586.0% in the 3rd quarter. Huntington National Bank now owns 343 shares of the company's stock worth $31,000 after purchasing an additional 293 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Knife River in the 2nd quarter worth approximately $43,000. Harvest Fund Management Co. Ltd bought a new stake in Knife River during the third quarter worth approximately $60,000. Finally, Sittner & Nelson LLC grew its holdings in Knife River by 18.5% during the third quarter. Sittner & Nelson LLC now owns 960 shares of the company's stock valued at $86,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 80.11% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KNF shares. DA Davidson upped their price objective on shares of Knife River from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Loop Capital decreased their price target on shares of Knife River from $105.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, Oppenheimer lifted their price objective on Knife River from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.75.

Knife River Stock Performance

Knife River stock traded up $1.53 during mid-day trading on Thursday, reaching $104.54. The company had a trading volume of 267,965 shares, compared to its average volume of 394,882. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 2.39 and a beta of 0.76. The company has a 50 day moving average of $102.62 and a 200-day moving average of $91.96. Knife River Co. has a 52 week low of $65.67 and a 52 week high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $2.60 earnings per share for the quarter, missing analysts' consensus estimates of $2.82 by ($0.22). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $2.58 earnings per share. On average, sell-side analysts expect that Knife River Co. will post 3.49 EPS for the current fiscal year.

About Knife River

Knife River Corporation, together with its subsidiaries, provides aggregates- led construction materials and contracting services in the United States. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete.