AQR Capital Management LLC Sells 62,495 Shares of Knife River Co. (NYSE:KNF)

AQR Capital Management LLC reduced its stake in Knife River Co. (NYSE:KNF - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,747 shares of the company's stock after selling 62,495 shares during the period. AQR Capital Management LLC owned approximately 0.17% of Knife River worth $9,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Capital Research Global Investors grew its holdings in shares of Knife River by 45.2% during the fourth quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock worth $196,829,000 after purchasing an additional 603,170 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Knife River by 830.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock worth $111,965,000 after acquiring an additional 983,223 shares during the last quarter. Hood River Capital Management LLC lifted its stake in shares of Knife River by 4.3% during the fourth quarter. Hood River Capital Management LLC now owns 906,534 shares of the company's stock valued at $92,140,000 after acquiring an additional 37,431 shares during the period. American Century Companies Inc. boosted its holdings in Knife River by 1,200.8% in the fourth quarter. American Century Companies Inc. now owns 887,680 shares of the company's stock valued at $90,224,000 after acquiring an additional 819,439 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Knife River by 83.7% in the fourth quarter. Invesco Ltd. now owns 879,796 shares of the company's stock valued at $89,422,000 after acquiring an additional 400,954 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors.

Knife River Trading Up 3.8%

NYSE:KNF traded up $3.64 during mid-day trading on Monday, hitting $98.60. The company had a trading volume of 92,495 shares, compared to its average volume of 428,530. The firm has a market cap of $5.59 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.36 and a beta of 0.96. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. The business's fifty day moving average is $91.39 and its two-hundred day moving average is $97.29. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) earnings per share for the quarter, missing the consensus estimate of ($0.89) by ($0.32). Knife River had a return on equity of 14.82% and a net margin of 6.96%. The firm had revenue of $353.50 million for the quarter, compared to the consensus estimate of $343.98 million. During the same period in the previous year, the business earned ($0.84) EPS. The firm's revenue was up 7.3% compared to the same quarter last year. As a group, research analysts expect that Knife River Co. will post 4.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on KNF shares. Stephens restated an "overweight" rating and set a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company started coverage on shares of Knife River in a research note on Monday, March 10th. They set an "overweight" rating and a $102.00 price target for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Knife River currently has a consensus rating of "Buy" and an average price target of $110.40.

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.