Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stake Raised 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 grew its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 23.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 about 0.08% of Knight-Swift Transportation worth $5,581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KNX. Larson Financial Group LLC lifted its position in Knight-Swift Transportation by 9,383.3% during the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after buying an additional 563 shares in the last quarter. UMB Bank n.a. raised its position in Knight-Swift Transportation by 40.0% in the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock valued at $49,000 after purchasing an additional 324 shares during the period. Quarry LP raised its position in Knight-Swift Transportation by 41.6% in the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock valued at $90,000 after purchasing an additional 500 shares during the period. Quadrant Capital Group LLC raised its position in Knight-Swift Transportation by 21.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,139 shares of the transportation company's stock valued at $113,000 after purchasing an additional 375 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in Knight-Swift Transportation in the first quarter valued at $118,000. Hedge funds and other institutional investors own 88.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on KNX shares. Citigroup lifted their target price on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. 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. Evercore ISI reduced their target price on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus reduced their target price on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, 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. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $53.88.

Knight-Swift Transportation Stock Down 0.9%

NYSE:KNX traded down $0.37 during mid-day trading on Friday, hitting $41.08. The company had a trading volume of 1,959,943 shares, compared to its average volume of 3,053,813. The business has a fifty day simple moving average of $44.48 and a 200-day simple moving average of $45.79. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 0.62 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The company 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 company's revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. Equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

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

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.