Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Purchased by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC increased its holdings in Knight-Swift Transportation by 23.3% during the first quarter, bringing its total shares to 128,338, valued at approximately $5.58 million.
• Various institutional investors also increased their investments in Knight-Swift, with LPL Financial lifting its stake by 28.3% in the fourth quarter.
• Analyst ratings for the stock show a consensus of Moderate Buy with a price target averaging $53.88, reflecting mixed sentiments from several investment firms.

New Age Alpha Advisors LLC lifted its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 23.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,338 shares of the transportation company's stock after acquiring an additional 24,266 shares during the quarter. New Age Alpha Advisors LLC owned 0.08% of Knight-Swift Transportation worth $5,581,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Interval Partners LP lifted its stake in shares of Knight-Swift Transportation by 320.7% during the 4th quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock worth $93,076,000 after acquiring an additional 1,337,727 shares during the last quarter. SG Americas Securities LLC increased its stake in Knight-Swift Transportation by 54,434.0% in the first quarter. SG Americas Securities LLC now owns 1,103,768 shares of the transportation company's stock worth $48,003,000 after purchasing an additional 1,101,744 shares during the period. Junto Capital Management LP bought a new stake in shares of Knight-Swift Transportation during the fourth quarter worth $34,355,000. Ceredex Value Advisors LLC boosted its stake in shares of Knight-Swift Transportation by 59.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,435,562 shares of the transportation company's stock valued at $76,142,000 after purchasing an additional 535,518 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Knight-Swift Transportation by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company's stock worth $370,819,000 after purchasing an additional 505,543 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

KNX stock traded down $0.37 during mid-day trading on Friday, reaching $41.08. The company's stock had a trading volume of 1,959,943 shares, compared to its average volume of 2,889,389. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. The company's 50 day moving average is $44.60 and its two-hundred day moving average is $45.98. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The stock has a market cap of $6.66 billion, a PE ratio of 40.27, a P/E/G ratio of 0.63 and a beta of 1.17.

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 the consensus estimate of $0.34 by $0.01. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter last year, the firm earned $0.24 earnings per share. The business's revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.8%. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 70.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KNX shares. Benchmark reiterated a "buy" rating and set a $63.00 price objective on shares of Knight-Swift Transportation in a report on Monday, April 14th. Citigroup raised their target price on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price target on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. TD Securities dropped their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Susquehanna raised their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a report on Tuesday, June 24th. Five investment 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, Knight-Swift Transportation currently has a consensus rating of "Moderate Buy" and an average target price of $53.88.

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.