Quantitative Investment Management LLC Buys New Shares in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Quantitative Investment Management LLC acquired a new position in Knight-Swift Transportation Holdings Inc. during the first quarter, purchasing 6,466 shares valued at approximately $281,000.
• Analyst price targets for Knight-Swift Transportation have been raised by several brokerages, with Raymond James increasing their target from $50 to $55 and Robert W. Baird lifting theirs from $55 to $60.
• Knight-Swift Transportation announced a quarterly dividend of $0.18, with a payout ratio of 70.59%, reflecting a dividend yield of 1.7%.

Quantitative Investment Management LLC acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,466 shares of the transportation company's stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KNX. Larson Financial Group LLC raised its position 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 acquiring an additional 563 shares in the last quarter. Brooklyn Investment Group raised its position 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 acquiring an additional 310 shares in the last quarter. UMB Bank n.a. raised its position 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 acquiring an additional 324 shares in the last quarter. Quarry LP raised its position in shares of Knight-Swift Transportation by 41.6% in the 4th quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after acquiring an additional 500 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Knight-Swift Transportation in the 1st quarter worth $111,000. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Price Performance

KNX stock traded down $0.06 during mid-day trading on Friday, reaching $43.88. 1,990,528 shares of the company's stock were exchanged, compared to its average volume of 2,325,594. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 43.02, a price-to-earnings-growth ratio of 0.66 and a beta of 1.19. The stock's 50 day moving average is $44.32 and its 200 day moving average is $44.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89. 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 announced its 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. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business's revenue was up .8% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently announced 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 dividend yield of 1.6%. Knight-Swift Transportation's dividend payout ratio is presently 70.59%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup boosted their price target on Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Susquehanna boosted their price target on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research report on Tuesday, June 24th. Barclays reduced their price target on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Raymond James Financial boosted their price target on Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 15th. Finally, Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $53.88.

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.