Knight-Swift Transportation Holdings Inc. $KNX is Seven Six Capital Management LLC’s 7th Largest Position

Seven Six Capital Management LLC reduced its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 104,500 shares of the transportation company’s stock after selling 7,450 shares during the period. Knight-Swift Transportation accounts for about 5.5% of Seven Six Capital Management LLC’s holdings, making the stock its 7th largest holding. Seven Six Capital Management LLC’s holdings in Knight-Swift Transportation were worth $5,463,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KNX. Norges Bank purchased a new position in Knight-Swift Transportation in the 4th quarter valued at approximately $92,070,000. Balyasny Asset Management L.P. grew its position in shares of Knight-Swift Transportation by 269.7% in the third quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock valued at $88,164,000 after purchasing an additional 1,627,791 shares during the last quarter. Junto Capital Management LP grew its position in shares of Knight-Swift Transportation by 252.4% in the third quarter. Junto Capital Management LP now owns 2,262,145 shares of the transportation company’s stock valued at $89,377,000 after purchasing an additional 1,620,224 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at approximately $66,151,000. Finally, Ensign Peak Advisors Inc grew its position in shares of Knight-Swift Transportation by 50.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock valued at $153,662,000 after purchasing an additional 984,422 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $77.26 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 367.91, a PEG ratio of 1.01 and a beta of 1.18. The company’s 50 day simple moving average is $68.86 and its 200 day simple moving average is $60.37. Knight-Swift Transportation Holdings Inc. has a 1 year low of $38.63 and a 1 year high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.20). The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. On average, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.14 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. Knight-Swift Transportation’s dividend payout ratio is presently 380.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KNX shares. Evercore upgraded shares of Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price target on the stock in a research report on Friday, March 27th. Robert W. Baird increased their price target on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Stifel Nicolaus increased their price target on shares of Knight-Swift Transportation from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. TD Cowen increased their price target on shares of Knight-Swift Transportation from $60.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Citigroup lowered shares of Knight-Swift Transportation from a “buy” rating to a “neutral” rating and increased their price target for the company from $72.00 to $90.00 in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.81.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.