Quantinno Capital Management LP increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 10.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 312,284 shares of the transportation company’s stock after acquiring an additional 29,746 shares during the quarter. Quantinno Capital Management LP’s holdings in Knight-Swift Transportation were worth $17,981,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Knight-Swift Transportation by 123.9% in the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 301 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of Knight-Swift Transportation by 134.6% during the fourth quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after purchasing an additional 385 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Knight-Swift Transportation by 1,478.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after purchasing an additional 828 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $39,000. Finally, Fifth Third Bancorp grew its holdings in shares of Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after buying an additional 267 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.
Knight-Swift Transportation Price Performance
KNX stock opened at $69.59 on Monday. The stock has a 50-day moving average price of $75.64 and a two-hundred day moving average price of $65.54. The stock has a market cap of $11.31 billion, a PE ratio of 267.68, a price-to-earnings-growth ratio of 0.59 and a beta of 1.18. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. Knight-Swift Transportation Holdings Inc. has a 1 year low of $38.63 and a 1 year high of $82.86.
Knight-Swift Transportation Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were paid a $0.20 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.80 annualized dividend and a yield of 1.1%. Knight-Swift Transportation’s payout ratio is presently 307.69%.
Insider Buying and Selling
In other Knight-Swift Transportation news, Director Reid Dove sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $70.25, for a total transaction of $3,512,500.00. Following the completion of the transaction, the director owned 169,154 shares of the company’s stock, valued at $11,883,068.50. This represents a 22.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Cary M. Flanagan sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $70.82, for a total transaction of $254,952.00. Following the transaction, the chief accounting officer directly owned 5,405 shares of the company’s stock, valued at $382,782.10. This represents a 39.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.90% of the company’s stock.
Wall Street Analysts Forecast Growth
KNX has been the topic of several research analyst reports. Raymond James Financial raised their price objective on Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 2nd. Benchmark boosted their target price on Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Citigroup upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a report on Thursday, July 9th. Morgan Stanley raised their price target on Knight-Swift Transportation from $70.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, Zacks Research upgraded Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $84.44.
Check Out Our Latest Analysis on Knight-Swift Transportation
Knight-Swift Transportation 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.
Recommended Stories
- Five stocks we like better than Knight-Swift Transportation
- 3 Fixed-Income ETFs Show Why Yield Is Only Part of the Income Story
- AbbVie Quietly Solved Its Biggest Problem—Now What?
- Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade
- Strategy’s Structural Strength: Hidden in a $8 Billion Illusion
Want to see what other hedge funds are holding KNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report).
Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.
