Quantitative Investment Management LLC Makes New Investment 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 purchased a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,466 shares of the transportation company's stock, valued at approximately $281,000.

Several other institutional investors have also added to or reduced their stakes in KNX. Tower Research Capital LLC TRC boosted its holdings in Knight-Swift Transportation by 92.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,435 shares of the transportation company's stock worth $660,000 after acquiring an additional 5,960 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Knight-Swift Transportation by 45.0% in the fourth quarter. Hsbc Holdings PLC now owns 81,011 shares of the transportation company's stock worth $4,290,000 after acquiring an additional 25,139 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Knight-Swift Transportation by 9.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 103,958 shares of the transportation company's stock worth $5,515,000 after acquiring an additional 8,987 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Knight-Swift Transportation by 111.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 143,496 shares of the transportation company's stock worth $7,611,000 after acquiring an additional 75,741 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Knight-Swift Transportation by 0.9% in the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock worth $1,090,000 after acquiring an additional 192 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KNX. Raymond James Financial raised their price target on Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their target price on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Robert W. Baird lifted their target price on Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Barclays decreased their target price on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Finally, Wells Fargo & Company lifted their target price on Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.88.

Knight-Swift Transportation Trading Down 3.2%

Shares of NYSE:KNX opened at $43.5250 on Tuesday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The company has a market capitalization of $7.06 billion, a PE ratio of 42.67, a PEG ratio of 0.67 and a beta of 1.17. The business has a 50 day moving average of $44.21 and a two-hundred day moving average of $44.57. 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 (NYSE:KNX - Get Free Report) last announced its quarterly earnings results 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. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company posted $0.24 earnings per share. Knight-Swift Transportation's revenue for the quarter was up .8% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be given a $0.18 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. Knight-Swift Transportation's payout ratio 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.

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