Jacobs Levy Equity Management Inc. Invests $14.59 Million in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Jacobs Levy Equity Management Inc. invested approximately $14.59 million in Knight-Swift Transportation Holdings Inc., acquiring 335,475 shares during the first quarter.
• Several institutional investors have significantly increased their stakes in Knight-Swift Transportation, with AQR Capital Management raising its position by 8,856.8% to own over 1.6 million shares.
• Analysts have shown optimism for the stock, with Wells Fargo raising its price target from $46.00 to $50.00 and Goldman Sachs upgrading it from a "neutral" rating to a "buy" with a target increase to $65.00.

Jacobs Levy Equity Management Inc. purchased a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 335,475 shares of the transportation company's stock, valued at approximately $14,590,000. Jacobs Levy Equity Management Inc. owned about 0.21% of Knight-Swift Transportation at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in shares of 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 worth $25,000 after buying an additional 563 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after buying an additional 310 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of 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 worth $49,000 after buying an additional 324 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Knight-Swift Transportation in the 1st quarter worth $111,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Knight-Swift Transportation in the 1st quarter worth $118,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

NYSE:KNX traded down $0.90 on Friday, reaching $42.05. 708,573 shares of the company's stock traded hands, compared to its average volume of 2,810,819. 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 stock has a 50-day simple moving average of $43.96 and a 200-day simple moving average of $43.78. The firm has a market cap of $6.82 billion, a PE ratio of 41.20, a P/E/G ratio of 0.62 and a beta of 1.19. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51.

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

Knight-Swift Transportation Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KNX. UBS Group downgraded Knight-Swift Transportation from a "buy" rating to a "neutral" rating and lifted their target price for the company from $46.00 to $51.00 in a research report on Friday, September 5th. Robert W. Baird lifted their target price on Knight-Swift Transportation from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Raymond James Financial lifted their target price on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 15th. Finally, Barclays lowered their target price 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. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.19.

Insider Buying and Selling

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation 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.