Concurrent Investment Advisors LLC Takes $1.71 Million Position in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Concurrent Investment Advisors opened a new position in Knight‑Swift, buying 32,783 shares in Q4 worth about $1.71 million, while institutional ownership sits around 88.8% and large managers like Invesco significantly increased holdings.
• EPS miss: Knight‑Swift reported $0.09 EPS vs. $0.29 expected (a $0.20 shortfall) while revenue of $1.85 billion met estimates; the stock trades near $63 with a very high trailing P/E of about 301.7.
• Insider selling and dividend change: insiders sold 42,930 shares (~$2.58M) last quarter (including the COO and chairman), and the company raised its quarterly dividend to $0.20 ($0.80 annualized, ~1.3% yield) despite a payout ratio near 381%.

Concurrent Investment Advisors LLC purchased a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 32,783 shares of the transportation company's stock, valued at approximately $1,714,000.

A number of other institutional investors have also modified their holdings of KNX. Integrated Wealth Concepts LLC boosted its holdings in shares of Knight-Swift Transportation by 23.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company's stock valued at $259,000 after buying an additional 1,124 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Knight-Swift Transportation in the 1st quarter valued at about $451,000. Cetera Investment Advisers boosted its holdings in shares of Knight-Swift Transportation by 6.9% in the 2nd quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company's stock valued at $607,000 after buying an additional 882 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Knight-Swift Transportation by 57.7% in the 2nd quarter. Invesco Ltd. now owns 1,087,719 shares of the transportation company's stock valued at $48,110,000 after buying an additional 398,116 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Knight-Swift Transportation by 54.3% in the 2nd quarter. First Trust Advisors LP now owns 491,702 shares of the transportation company's stock valued at $21,748,000 after buying an additional 172,956 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, COO James L. Fitzsimmons sold 5,917 shares of the firm's stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $54.77, for a total transaction of $324,074.09. Following the completion of the transaction, the chief operating officer directly owned 8,716 shares of the company's stock, valued at approximately $477,375.32. This trade represents a 40.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Kevin P. Knight sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $61.00, for a total transaction of $1,830,000.00. Following the transaction, the chairman directly owned 1,305,347 shares of the company's stock, valued at $79,626,167. This represents a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 42,930 shares of company stock valued at $2,581,186. 2.90% of the stock is owned by corporate insiders.

Knight-Swift Transportation Stock Down 3.3%

KNX stock opened at $63.34 on Thursday. The firm has a 50 day moving average of $59.42 and a 200 day moving average of $54.12. The stock has a market capitalization of $10.29 billion, a PE ratio of 301.65, a price-to-earnings-growth ratio of 0.86 and a beta of 1.11. The company has a quick ratio of 0.86, a current ratio of 0.70 and a debt-to-equity ratio of 0.26. Knight-Swift Transportation Holdings Inc. has a 52 week low of $37.76 and a 52 week high of $67.75.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.20). The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.85 billion. Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. Sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.14 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.18. Knight-Swift Transportation's payout ratio is 380.95%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KNX shares. Weiss Ratings upgraded shares of Knight-Swift Transportation from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. raised their price target on shares of Knight-Swift Transportation from $49.00 to $61.00 and gave the company a "neutral" rating in a report on Monday, January 12th. Robert W. Baird lifted their target price on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. TD Cowen lifted their target price on shares of Knight-Swift Transportation from $60.00 to $78.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Finally, Stephens lowered their target price on shares of Knight-Swift Transportation from $65.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $66.71.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc NYSE: KNX is one of North America's largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company's core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.

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