BluePointe Capital Management LLC bought a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 32,134 shares of the transportation company's stock, valued at approximately $1,398,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of KNX. Proficio Capital Partners LLC purchased a new position in shares of Knight-Swift Transportation in the 4th quarter valued at about $749,000. Raymond James Financial Inc. purchased a new position in shares of Knight-Swift Transportation in the 4th quarter valued at about $15,111,000. HighTower Advisors LLC purchased a new position in shares of Knight-Swift Transportation in the 4th quarter valued at about $424,000. Sequoia Financial Advisors LLC purchased a new position in shares of Knight-Swift Transportation in the 4th quarter valued at about $297,000. Finally, First Eagle Investment Management LLC boosted its stake in shares of Knight-Swift Transportation by 27.5% in the 4th quarter. First Eagle Investment Management LLC now owns 8,335 shares of the transportation company's stock valued at $442,000 after buying an additional 1,800 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. TD Cowen decreased their target price on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Barclays decreased their target price on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. JPMorgan Chase & Co. decreased their target price on Knight-Swift Transportation from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Finally, Robert W. Baird assumed coverage on Knight-Swift Transportation in a research note on Tuesday, July 1st. They set an "outperform" rating and a $55.00 target price for the company. Five research 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.06.
Read Our Latest Analysis on Knight-Swift Transportation
Knight-Swift Transportation Price Performance
Knight-Swift Transportation stock traded down $1.01 during trading hours on Friday, hitting $44.60. The stock had a trading volume of 1,369,020 shares, compared to its average volume of 2,824,778. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 0.68 and a beta of 1.17. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The stock's fifty day moving average is $44.84 and its two-hundred day moving average is $46.99.
Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.79% and a net margin of 2.04%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share. As a group, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.
Knight-Swift Transportation Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.72 annualized dividend and a yield of 1.61%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.
About Knight-Swift Transportation
(
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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