Arrowpoint Investment Partners Singapore Pte. Ltd. Invests $357,000 in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Key Points

• Arrowpoint Investment Partners Singapore Pte. Ltd. acquired 8,200 shares of Knight-Swift Transportation Holdings Inc. valued at approximately $357,000 during Q1.
• Knight-Swift's recent quarterly earnings report reflected $0.35 earnings per share, exceeding analysts' expectations of $0.34, with revenue slightly down by 0.8% year-over-year.
• The company announced a quarterly dividend of $0.18 per share, providing an annualized yield of 1.7%, with the ex-dividend date set for September 5th.

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in 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 fund acquired 8,200 shares of the transportation company's stock, valued at approximately $357,000.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC lifted its holdings in shares of Knight-Swift Transportation by 611.7% during the first quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company's stock worth $1,482,000 after buying an additional 29,286 shares during the last quarter. Aviance Capital Partners LLC increased its position in Knight-Swift Transportation by 6.3% during the first quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company's stock worth $4,824,000 after acquiring an additional 6,592 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Knight-Swift Transportation by 668.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company's stock valued at $1,511,000 after purchasing an additional 30,219 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Knight-Swift Transportation by 533.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company's stock worth $1,462,000 after purchasing an additional 28,311 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in Knight-Swift Transportation by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 18,968 shares of the transportation company's stock worth $824,000 after purchasing an additional 510 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Trading Down 1.1%

Shares of NYSE:KNX traded down $0.49 during trading on Friday, hitting $42.57. 1,710,699 shares of the company's stock were exchanged, compared to its average volume of 2,879,485. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The firm has a 50-day moving average price of $44.30 and a two-hundred day moving average price of $45.28. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. The firm has a market cap of $6.91 billion, a P/E ratio of 41.74, a PEG ratio of 0.66 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 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the previous year, the company earned $0.24 EPS. Knight-Swift Transportation's revenue was up .8% on a year-over-year basis. Equities analysts predict 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 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. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, September 5th. Knight-Swift Transportation's dividend payout ratio is 70.59%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Susquehanna increased their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a research note on Tuesday, June 24th. Citigroup boosted their price objective on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Wells Fargo & Company raised their price objective on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Finally, Evercore ISI reduced their price objective on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and an average 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.