Sciencast Management LP Invests $2.26 Million in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Sciencast Management LP has acquired a new position in Knight-Swift Transportation Holdings Inc., purchasing 51,910 shares valued at approximately $2.26 million.
• Numerous hedge funds have adjusted their stakes in Knight-Swift Transportation, leading to a high institutional ownership rate of 88.77%.
• Analysts have positively rated Knight-Swift Transportation with two "Strong Buy" ratings and have increased price targets, with an average target set at $54.19.

Sciencast Management LP bought a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 51,910 shares of the transportation company's stock, valued at approximately $2,258,000.

Several other large investors have also made changes to their positions in KNX. Jane Street Group LLC raised its stake in shares of Knight-Swift Transportation by 32.6% during the 4th quarter. Jane Street Group LLC now owns 92,677 shares of the transportation company's stock worth $4,916,000 after buying an additional 22,770 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Knight-Swift Transportation by 3.3% during the 4th quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock worth $355,000 after buying an additional 216 shares during the period. Bank of America Corp DE raised its stake in shares of Knight-Swift Transportation by 8.4% during the 4th quarter. Bank of America Corp DE now owns 834,815 shares of the transportation company's stock worth $44,279,000 after buying an additional 64,463 shares during the period. Cetera Investment Advisers raised its stake in shares of Knight-Swift Transportation by 3.4% during the 4th quarter. Cetera Investment Advisers now owns 13,921 shares of the transportation company's stock worth $738,000 after buying an additional 460 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Knight-Swift Transportation by 2.0% during the 4th quarter. Deutsche Bank AG now owns 311,283 shares of the transportation company's stock worth $16,510,000 after buying an additional 6,102 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group downgraded Knight-Swift Transportation from a "buy" rating to a "neutral" rating and increased their price objective for the company from $46.00 to $51.00 in a research note on Friday, September 5th. JPMorgan Chase & Co. increased their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Citigroup increased their price objective on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Wells Fargo & Company increased their price objective on Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.19.

Knight-Swift Transportation Trading Down 2.9%

NYSE:KNX traded down $1.25 during trading hours on Friday, hitting $41.70. The company had a trading volume of 1,792,455 shares, compared to its average volume of 2,191,356. 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 has a 50-day moving average of $43.85 and a 200 day moving average of $43.68. The company has a market cap of $6.77 billion, a P/E ratio of 40.88, a P/E/G ratio of 0.64 and a beta of 1.19. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) 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 analysts' expectations of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The firm's quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The business 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 $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 5th. Knight-Swift Transportation's dividend payout ratio is presently 70.59%.

Insider Transactions at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.

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.