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Aigen Investment Management LP Takes Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Knight-Swift Transportation logo with Transportation background

Key Points

  • Aigen Investment Management LP has acquired 84,472 shares of Knight-Swift Transportation Holdings, valued at approximately $3.67 million, making it the firm's 19th largest holding.
  • Several hedge funds have increased their positions in Knight-Swift, with UMB Bank n.a. raising its stake by 40% during the first quarter.
  • Knight-Swift Transportation announced a quarterly dividend of $0.18 per share, yielding an annualized total of $0.72 with a dividend payout ratio of 70.59%.
  • Want stock alerts on Knight-Swift Transportation? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Aigen Investment Management LP purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 84,472 shares of the transportation company's stock, valued at approximately $3,674,000. Knight-Swift Transportation comprises approximately 0.6% of Aigen Investment Management LP's portfolio, making the stock its 19th biggest holding. Aigen Investment Management LP owned approximately 0.05% of Knight-Swift Transportation as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC grew its position in Knight-Swift Transportation by 9,383.3% during the 1st 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 last quarter. UMB Bank n.a. grew its position in shares of 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 buying an additional 324 shares during the last quarter. Quarry LP grew its position in shares of Knight-Swift Transportation by 41.6% in the 4th quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after buying an additional 500 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Knight-Swift Transportation in the 1st quarter worth approximately $118,000. Finally, Allworth Financial LP grew its position in shares of Knight-Swift Transportation by 38.6% in the 1st quarter. Allworth Financial LP now owns 3,044 shares of the transportation company's stock worth $123,000 after buying an additional 847 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Stock Down 0.4%

NYSE KNX traded down $0.16 during midday trading on Monday, hitting $40.96. 2,811,183 shares of the company traded hands, compared to its average volume of 3,072,925. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $6.65 billion, a PE ratio of 40.15, a price-to-earnings-growth ratio of 0.62 and a beta of 1.17. The company's 50-day simple moving average is $44.42 and its 200-day simple moving average is $45.53. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. As a group, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, September 5th. Knight-Swift Transportation's dividend payout ratio is currently 70.59%.

Analysts Set New Price Targets

KNX has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $45.00 to $65.00 in a research report on Monday, June 2nd. Wells Fargo & Company raised their target price on Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Stifel Nicolaus lowered their price objective on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Benchmark reiterated a "buy" rating and set a $63.00 price objective on shares of Knight-Swift Transportation in a research note on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.88.

Read Our Latest Research Report on Knight-Swift Transportation

Knight-Swift Transportation Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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