FORA Capital LLC Takes $466,000 Position in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• FORA Capital LLC acquired a new position in Knight-Swift Transportation Holdings Inc., purchasing 10,718 shares valued at approximately $466,000 during the first quarter of 2023.
• Major institutional investors significantly increased their stakes in Knight-Swift Transportation, with Cerity Partners LLC's position growing by 611.7%.
• Analysts are optimistic about the company's stock, with several firms raising their price targets, including Goldman Sachs increasing its target from $45.00 to $65.00.

FORA Capital LLC bought a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,718 shares of the transportation company's stock, valued at approximately $466,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Campbell & CO Investment Adviser LLC bought a new position in Knight-Swift Transportation during the first quarter valued at approximately $4,759,000. Quantitative Investment Management LLC bought a new position in shares of Knight-Swift Transportation in the 1st quarter worth approximately $281,000. Jump Financial LLC bought a new position in shares of Knight-Swift Transportation in the 1st quarter worth approximately $13,301,000. AlphaQuest LLC bought a new stake in shares of Knight-Swift Transportation in the 1st quarter worth approximately $1,959,000. Finally, Kaufman Rossin Wealth LLC bought a new stake in shares of Knight-Swift Transportation during the first quarter valued at approximately $255,000. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Price Performance

NYSE:KNX traded down $0.55 during trading hours on Tuesday, reaching $43.35. The stock had a trading volume of 892,723 shares, compared to its average volume of 2,832,052. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51. The company has a 50 day moving average price of $44.32 and a two-hundred day moving average price of $44.21. The stock has a market capitalization of $7.04 billion, a PE ratio of 42.49, a PEG ratio of 0.66 and a beta of 1.19.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The company's revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the company earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. Knight-Swift Transportation's payout ratio is currently 70.59%.

Analysts Set New Price Targets

A number of research firms have commented on KNX. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $45.00 to $65.00 in a research report on Monday, June 2nd. Robert W. Baird raised their target price on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Baird R W upgraded shares of Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. raised their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Barclays decreased their target price on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and an average target price of $53.88.

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.