GSA Capital Partners LLP Buys Shares of 34,032 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Key Points

• GSA Capital Partners LLP has invested approximately $1.48 million in Knight-Swift Transportation Holdings by acquiring 34,032 shares during the first quarter.
• Analysts have given Knight-Swift Transportation an average rating of "Moderate Buy" with a consensus target price of $53.88, while TD Cowen recently lowered their target price from $55.00 to $49.00.
• The company reported earnings of $0.35 per share for the last quarter, surpassing estimates by $0.01, along with a revenue of $1.86 billion, reflecting a year-over-year increase.

GSA Capital Partners LLP purchased a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 34,032 shares of the transportation company's stock, valued at approximately $1,480,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in Knight-Swift Transportation by 9,383.3% in the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock valued at $25,000 after buying an additional 563 shares during the period. UMB Bank n.a. raised its holdings 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 valued at $49,000 after buying an additional 324 shares during the period. Quarry LP increased its stake 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 purchasing an additional 500 shares during the period. Quadrant Capital Group LLC increased its stake 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 purchasing an additional 375 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in Knight-Swift Transportation during the first quarter worth about $118,000. Institutional investors and hedge funds own 88.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barclays cut their price target 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. Baird R W upgraded shares of Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Robert W. Baird boosted their price target 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. Susquehanna boosted their price target on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research note on Tuesday, June 24th. Finally, Raymond James Financial boosted their price target on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 15th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $53.88.

Knight-Swift Transportation Stock Down 2.8%

KNX traded down $1.20 on Friday, reaching $41.30. The company's stock had a trading volume of 4,409,861 shares, compared to its average volume of 3,188,104. The stock has a 50 day moving average of $44.67 and a two-hundred day moving average of $46.12. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 0.61 and a beta of 1.17. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%. The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 earnings per share. As a group, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Company Profile

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.