Lecap Asset Management Ltd. Purchases Shares of 91,272 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Lecap Asset Management Ltd. purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 91,272 shares of the transportation company's stock, valued at approximately $3,969,000. Knight-Swift Transportation makes up about 0.9% of Lecap Asset Management Ltd.'s holdings, making the stock its 5th biggest holding. Lecap Asset Management Ltd. owned approximately 0.06% of Knight-Swift Transportation at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KNX. Victory Capital Management Inc. grew its holdings in Knight-Swift Transportation by 6.8% in the fourth quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company's stock valued at $423,265,000 after purchasing an additional 506,491 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Knight-Swift Transportation by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company's stock valued at $370,819,000 after acquiring an additional 505,543 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Knight-Swift Transportation by 1.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company's stock valued at $188,632,000 after purchasing an additional 63,241 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Knight-Swift Transportation by 36.8% during the fourth quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company's stock worth $100,004,000 after purchasing an additional 507,370 shares in the last quarter. Finally, Interval Partners LP raised its holdings in shares of Knight-Swift Transportation by 320.7% during the 4th quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock valued at $93,076,000 after buying an additional 1,337,727 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Stock Up 0.6%

NYSE KNX traded up $0.25 during trading on Thursday, reaching $44.27. 2,988,133 shares of the company's stock were exchanged, compared to its average volume of 2,381,224. The firm has a market capitalization of $7.17 billion, a PE ratio of 47.09, a P/E/G ratio of 0.65 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. The company's fifty day simple moving average is $42.81 and its 200-day simple moving average is $47.85.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.83 billion. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. Knight-Swift Transportation's revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. Sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Monday, June 9th. Knight-Swift Transportation's payout ratio is presently 76.60%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. The Goldman Sachs Group upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their target price for the company from $45.00 to $65.00 in a research note on Monday, June 2nd. TD Securities cut their target price on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. TD Cowen reduced their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. UBS Group decreased their price objective on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Bank of America increased their price target on Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.13.

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.