BluePointe Capital Management LLC Makes New $1.40 Million Investment in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

BluePointe Capital Management LLC acquired a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 32,134 shares of the transportation company's stock, valued at approximately $1,398,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. grew 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 worth $49,000 after acquiring an additional 324 shares during the period. Quarry LP boosted its holdings in shares of Knight-Swift Transportation by 41.6% during the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after purchasing an additional 500 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at $99,000. Quadrant Capital Group LLC increased its stake in Knight-Swift Transportation by 21.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,139 shares of the transportation company's stock valued at $113,000 after purchasing an additional 375 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Knight-Swift Transportation by 38.6% in the first quarter. Allworth Financial LP now owns 3,044 shares of the transportation company's stock valued at $123,000 after purchasing an additional 847 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Wall Street Analysts Forecast Growth

KNX has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. UBS Group decreased their target price on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. TD Cowen dropped their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Evercore ISI cut their price target on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Finally, Bank of America boosted their price objective on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.06.

Knight-Swift Transportation Stock Down 2.8%

Shares of KNX traded down $1.33 during mid-day trading on Tuesday, reaching $45.45. 2,466,637 shares of the stock traded hands, compared to its average volume of 2,418,515. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 48.35, a P/E/G ratio of 0.71 and a beta of 1.17. The stock has a fifty day simple moving average of $44.62 and a 200 day simple moving average of $47.06. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51.

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

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were paid a $0.18 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.58%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.

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.