Jump Financial LLC Takes Position in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Jump Financial LLC has acquired a new stake in Knight-Swift Transportation, purchasing 305,842 shares valued at approximately $13.3 million, which constitutes about 0.19% of the company's shares.
• Knight-Swift Transportation reported a quarterly earnings per share (EPS) of $0.35, slightly above analyst estimates, along with a revenue of $1.86 billion for the quarter, reflecting a year-over-year increase of 0.8%.
• The company has also announced a quarterly dividend of $0.18 per share, translating to an annualized yield of 1.6%, with a dividend payout ratio of 70.59%.

Jump Financial LLC acquired a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 305,842 shares of the transportation company's stock, valued at approximately $13,301,000. Jump Financial LLC owned 0.19% of Knight-Swift Transportation at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AlphaQuest LLC purchased a new position in shares of Knight-Swift Transportation during the first quarter valued at approximately $1,959,000. Kaufman Rossin Wealth LLC purchased a new position in shares of Knight-Swift Transportation during the first quarter valued at approximately $255,000. Groupama Asset Managment lifted its holdings in shares of Knight-Swift Transportation by 11.9% during the first quarter. Groupama Asset Managment now owns 10,000 shares of the transportation company's stock valued at $436,000 after purchasing an additional 1,065 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Knight-Swift Transportation by 73.4% during the first quarter. Hsbc Holdings PLC now owns 140,462 shares of the transportation company's stock valued at $6,062,000 after purchasing an additional 59,451 shares during the last quarter. Finally, HITE Hedge Asset Management LLC purchased a new position in shares of Knight-Swift Transportation during the first quarter valued at approximately $2,986,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KNX shares. Citigroup lifted their target price on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Barclays decreased their price objective on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Bank of America boosted their price objective on shares of Knight-Swift Transportation from $47.00 to $49.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Raymond James Financial boosted their price objective on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $65.00 in a report on Monday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $53.88.

Knight-Swift Transportation Stock Performance

Shares of KNX stock traded up $0.06 during mid-day trading on Friday, reaching $43.99. 646,751 shares of the company's stock traded hands, compared to its average volume of 2,835,131. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The firm has a 50 day moving average price of $44.30 and a two-hundred day moving average price of $44.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $7.14 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 0.66 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.22% and a return on equity of 3.03%. The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 annualized dividend and a yield of 1.6%. Knight-Swift Transportation's dividend payout ratio is currently 70.59%.

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.