Csenge Advisory Group 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 filing with the Securities and Exchange Commission. The firm acquired 12,332 shares of the transportation company's stock, valued at approximately $536,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Larson Financial Group LLC raised its position in shares of Knight-Swift Transportation by 9,383.3% during the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after acquiring an additional 563 shares in the last quarter. UMB Bank n.a. raised its position in shares of Knight-Swift Transportation by 40.0% during 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 in the last quarter. Quarry LP increased its position in 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 buying an additional 500 shares during the period. Quadrant Capital Group LLC increased its position in Knight-Swift Transportation by 21.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,139 shares of the transportation company's stock worth $113,000 after buying an additional 375 shares during the period. Finally, Allworth Financial LP increased its position in Knight-Swift Transportation by 38.6% during the first quarter. Allworth Financial LP now owns 3,044 shares of the transportation company's stock worth $123,000 after buying an additional 847 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.
Knight-Swift Transportation Price Performance
Shares of Knight-Swift Transportation stock traded up $0.73 during trading on Tuesday, reaching $45.16. The company's stock had a trading volume of 1,851,410 shares, compared to its average volume of 2,416,146. 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. The company has a market capitalization of $7.32 billion, a P/E ratio of 36.42, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17. The business has a 50 day moving average price of $44.89 and a 200-day moving average price of $46.85.
Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. Knight-Swift Transportation had a return on equity of 2.79% and a net margin of 2.04%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the business earned $0.12 earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.
Knight-Swift Transportation Dividend Announcement
The firm 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 1.59%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.
Analyst Upgrades and Downgrades
Several research firms have commented on KNX. Wells Fargo & Company lifted their price target on Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Evercore ISI cut their price target on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a research report on Thursday, April 24th. Raymond James Financial lifted 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. Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Barclays cut their price target on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $53.06.
Read Our Latest Stock Report on KNX
Knight-Swift Transportation Company Profile
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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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