7,990 Shares in Knight-Swift Transportation Holdings Inc. $KNX Acquired by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC has acquired 7,990 shares of Knight-Swift Transportation Holdings Inc. for about $347,000, marking a significant new investment in the company.
• Other institutional investors have also increased their stakes in Knight-Swift, with Bank of America raising its holdings by 8.4% and Hudson Bay Capital Management growing its position by 70.9% during the fourth quarter.
• Knight-Swift has announced a quarterly dividend of $0.18 per share, reflecting an annualized yield of 1.7%, and it has set its Q3 earnings guidance between $0.360 and $0.420 EPS.

Teza Capital Management LLC bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 7,990 shares of the transportation company's stock, valued at approximately $347,000.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in 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 valued at $25,000 after purchasing an additional 563 shares during the period. Brooklyn Investment Group boosted its holdings in Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock valued at $28,000 after purchasing an additional 310 shares during the period. UMB Bank n.a. boosted its holdings in 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 valued at $49,000 after purchasing an additional 324 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Knight-Swift Transportation in the 1st quarter valued at $111,000. Finally, Neo Ivy Capital Management bought a new stake in Knight-Swift Transportation in the 1st quarter valued at $118,000. 88.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock traded down $1.25 during mid-day trading on Friday, reaching $41.70. 1,792,455 shares of the stock were exchanged, compared to its average volume of 2,191,356. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 40.88, a price-to-earnings-growth ratio of 0.64 and a beta of 1.19. 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 firm has a 50-day simple moving average of $43.85 and a 200 day simple moving average of $43.73. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be given 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 (DPR) is presently 70.59%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup raised their price objective on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Barclays reduced their price objective on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. JPMorgan Chase & Co. raised their price objective on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Raymond James Financial raised their price objective on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 15th. Finally, Susquehanna raised their price objective on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a report on Tuesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $54.19.

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.