Algert Global LLC Invests $4.97 Million in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Algert Global LLC invested approximately $4.97 million in Knight-Swift Transportation Holdings Inc. by acquiring 114,200 shares, representing 0.07% ownership after the recent reporting period.
• Knight-Swift Transportation reported earnings of $0.35 EPS for the last quarter, exceeding analyst estimates of $0.34, while revenue was $1.86 billion, slightly below expectations.
• The company announced a quarterly dividend of $0.18, with a dividend yield of 1.7% and a payout ratio of 70.59% as of the last reporting period.

Algert Global LLC acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 114,200 shares of the transportation company's stock, valued at approximately $4,967,000. Algert Global LLC owned approximately 0.07% of Knight-Swift Transportation at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in Knight-Swift Transportation by 20.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 119,080 shares of the transportation company's stock valued at $6,316,000 after purchasing an additional 20,183 shares during the period. Raymond James Financial Inc. purchased a new position in Knight-Swift Transportation during the fourth quarter worth about $15,111,000. Rockefeller Capital Management L.P. raised its holdings in Knight-Swift Transportation by 62.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 32,737 shares of the transportation company's stock worth $1,736,000 after purchasing an additional 12,628 shares in the last quarter. Barclays PLC raised its holdings in Knight-Swift Transportation by 40.1% during the fourth quarter. Barclays PLC now owns 320,511 shares of the transportation company's stock worth $17,000,000 after purchasing an additional 91,661 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Knight-Swift Transportation by 52.3% during the fourth quarter. Marshall Wace LLP now owns 243,684 shares of the transportation company's stock worth $12,925,000 after purchasing an additional 83,672 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Performance

NYSE:KNX traded up $2.23 during midday trading on Friday, reaching $44.95. The stock had a trading volume of 3,726,358 shares, compared to its average volume of 2,861,774. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The firm's fifty day simple moving average is $44.17 and its 200-day simple moving average is $44.87. 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 stock has a market capitalization of $7.30 billion, a P/E ratio of 44.07, a PEG ratio of 0.63 and a beta of 1.17.

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

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. Knight-Swift Transportation's dividend payout ratio is 70.59%.

Analysts Set New Price Targets

Several analysts have issued reports on KNX shares. Susquehanna upped their price target on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a report on Tuesday, June 24th. Citigroup lifted their target price on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. The Goldman Sachs Group upgraded shares of 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 note on Monday, June 2nd. Wells Fargo & Company boosted their price objective on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Finally, Bank of America upped their target price on shares of Knight-Swift Transportation from $47.00 to $49.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.88.

Knight-Swift Transportation Profile

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.