Trexquant Investment LP Invests $11.47 Million in Knight-Swift Transportation Holdings Inc. $KNX

Key Points

• Trexquant Investment LP has acquired 263,809 shares of Knight-Swift Transportation Holdings Inc., valued at approximately $11.47 million, representing a 0.16% ownership of the company.
• Analysts have raised target prices for Knight-Swift, with Raymond James increasing its target from $50 to $55 and Robert W. Baird from $55 to $60, indicating strong market confidence in the company.
• Knight-Swift recently reported $0.35 earnings per share for the quarter, beating expectations, and has declared a quarterly dividend of $0.18 per share, yielding 1.6% annually.

Trexquant Investment LP bought a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 263,809 shares of the transportation company's stock, valued at approximately $11,473,000. Trexquant Investment LP owned about 0.16% of Knight-Swift Transportation at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Voya Investment Management LLC grew its holdings in shares of Knight-Swift Transportation by 0.9% during the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock valued at $1,090,000 after purchasing an additional 192 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Knight-Swift Transportation by 3.3% during the 4th quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock valued at $355,000 after acquiring an additional 216 shares in the last quarter. Brooklyn Investment Group boosted its position in Knight-Swift Transportation by 93.4% during 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 during the period. UMB Bank n.a. boosted its position in Knight-Swift Transportation by 40.0% during 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 during the period. Finally, Tectonic Advisors LLC boosted its position in Knight-Swift Transportation by 0.6% during the 1st quarter. Tectonic Advisors LLC now owns 62,715 shares of the transportation company's stock worth $2,727,000 after acquiring an additional 403 shares during the period. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX traded up $0.14 on Wednesday, reaching $43.53. 1,767,435 shares of the company traded hands, compared to its average volume of 2,833,101. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The company's 50 day moving average is $44.30 and its 200-day moving average is $44.20. The stock has a market capitalization of $7.06 billion, a PE ratio of 42.67, a P/E/G ratio of 0.66 and a beta of 1.19. 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 (NYSE:KNX - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The company's quarterly 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. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal 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 paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. Knight-Swift Transportation's payout ratio is 70.59%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KNX shares. Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Susquehanna upped their target price 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. Raymond James Financial upped their target price 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. The Goldman Sachs Group upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and upped their target price for the stock from $45.00 to $65.00 in a research report on Monday, June 2nd. Finally, Citigroup upped their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.