Virtu Financial LLC acquired a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,318 shares of the transportation company's stock, valued at approximately $536,000.
A number of other institutional investors and hedge funds have also bought and sold shares of KNX. Vanguard Group Inc. raised its position in shares of Knight-Swift Transportation by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company's stock valued at $649,560,000 after buying an additional 515,212 shares in the last quarter. Victory Capital Management Inc. raised its position in Knight-Swift Transportation by 4.6% during the first quarter. Victory Capital Management Inc. now owns 8,344,372 shares of the transportation company's stock valued at $362,897,000 after purchasing an additional 364,263 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Knight-Swift Transportation by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company's stock worth $370,819,000 after purchasing an additional 505,543 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Knight-Swift Transportation by 1.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company's stock worth $188,632,000 after purchasing an additional 63,241 shares during the last quarter. Finally, Interval Partners LP boosted its holdings in shares of Knight-Swift Transportation by 320.7% in the 4th quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock worth $93,076,000 after purchasing an additional 1,337,727 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.
Knight-Swift Transportation Price Performance
Shares of NYSE:KNX remained flat at $42.50 during trading on Monday. The stock had a trading volume of 461,963 shares, compared to its average volume of 2,863,633. The company has a market cap of $6.90 billion, a P/E ratio of 41.68, a PEG ratio of 0.64 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89. The company has a 50 day moving average of $44.30 and a two-hundred day moving average of $45.10. 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 issued 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 net margin of 2.22% and a return on equity of 3.03%. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period last year, the company posted $0.24 EPS. Knight-Swift Transportation's revenue was up .8% on a year-over-year basis. Equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.
Knight-Swift Transportation Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. Knight-Swift Transportation's dividend payout ratio is currently 70.59%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on KNX. TD Securities dropped their target price on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Susquehanna lifted their price target on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research note on Tuesday, June 24th. Raymond James Financial upped their price objective on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 15th. Citigroup increased their target price on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, TD Cowen lowered their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.88.
Get Our Latest Stock Report on KNX
About Knight-Swift Transportation
(
Free Report)
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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