Magnetar Financial LLC Makes New Investment in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Magnetar Financial LLC purchased 262,171 shares of Knight-Swift Transportation Holdings Inc., valued at approximately $11.4 million, during the first quarter, increasing their stake to about 0.16% of the company.
• The company's shares opened at $43.93, with a 12-month price range of $36.69 to $61.51, and a current market capitalization of $7.13 billion.
• Knight-Swift announced a quarterly dividend of $0.18 per share, representing a yield of 1.6% and a payout ratio of 70.59%.

Magnetar Financial LLC purchased a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 262,171 shares of the transportation company's stock, valued at approximately $11,402,000. Magnetar Financial LLC owned 0.16% of Knight-Swift Transportation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Larson Financial Group LLC grew its holdings in Knight-Swift Transportation by 9,383.3% during the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after acquiring an additional 563 shares during the period. Brooklyn Investment Group lifted its holdings in Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after purchasing an additional 310 shares during the last quarter. UMB Bank n.a. lifted its holdings in Knight-Swift Transportation by 40.0% in the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after purchasing an additional 324 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Knight-Swift Transportation during the first quarter worth approximately $111,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Knight-Swift Transportation in the first quarter valued at $118,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KNX has been the subject of a number of research reports. Citigroup raised their target price on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Barclays decreased their price objective on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. The Goldman Sachs Group upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and upped their target price for the company from $45.00 to $65.00 in a research report on Monday, June 2nd. Susquehanna upped their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research report on Tuesday, June 24th. Finally, Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $53.88.

Knight-Swift Transportation Trading Down 1.1%

NYSE KNX traded down $0.50 during trading hours on Tuesday, hitting $43.40. 2,230,114 shares of the company's stock were exchanged, compared to its average volume of 2,840,430. The stock has a 50-day simple moving average of $44.32 and a 200 day simple moving average of $44.21. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 0.66 and a beta of 1.19. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The company's quarterly revenue was up .8% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 70.59%.

About Knight-Swift Transportation

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.