AlphaQuest LLC Acquires New Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• AlphaQuest LLC has acquired a new stake in Knight-Swift Transportation Holdings Inc., purchasing 45,042 shares valued at approximately $1,959,000 during the 1st quarter.
• The company recently reported a quarterly earnings per share (EPS) of $0.35, exceeding analysts' expectations, with a revenue of $1.86 billion.
• Knight-Swift Transportation has announced a quarterly dividend of $0.18 per share, representing an annualized yield of 1.6% and a payout ratio of 70.59%.

AlphaQuest LLC acquired a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 45,042 shares of the transportation company's stock, valued at approximately $1,959,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KNX. Larson Financial Group LLC lifted its stake 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 purchasing an additional 563 shares during the period. Brooklyn Investment Group lifted its position in shares of Knight-Swift Transportation by 93.4% during the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after buying an additional 310 shares during the period. UMB Bank n.a. boosted its stake 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 valued at $49,000 after buying an additional 324 shares in the last quarter. Quarry LP grew its position in Knight-Swift Transportation by 41.6% in the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock valued at $90,000 after acquiring an additional 500 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Knight-Swift Transportation in the first quarter valued at $111,000. Institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Trading Down 0.5%

Shares of NYSE KNX traded down $0.23 during mid-day trading on Wednesday, hitting $44.23. The company's stock had a trading volume of 1,725,515 shares, compared to its average volume of 2,849,355. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The company's fifty day simple moving average is $44.25 and its 200-day simple moving average is $44.57. 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 cap of $7.18 billion, a price-to-earnings ratio of 43.36, a price-to-earnings-growth ratio of 0.65 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $1.87 billion. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented 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. Robert W. Baird boosted their price target on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Barclays dropped their price objective on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Susquehanna boosted their target price on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a report on Tuesday, June 24th. Finally, Raymond James Financial increased their price target on Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.88.

Knight-Swift Transportation Company 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.