XTX Topco Ltd Invests $706,000 in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Key Points

• XTX Topco Ltd has made a new investment in Knight-Swift Transportation, acquiring 16,238 shares valued at approximately $706,000.
• Institutional investors hold 88.77% of Knight-Swift's stock, reflecting a strong interest from large financial entities.
• Analysts have set a consensus target price of $53.88 for Knight-Swift Transportation, indicating a generally positive outlook for the stock.

XTX Topco Ltd purchased a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,238 shares of the transportation company's stock, valued at approximately $706,000.

A number of other hedge funds also recently made changes to their positions in the business. Interval Partners LP raised its holdings in Knight-Swift Transportation by 320.7% during the fourth 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. SG Americas Securities LLC raised its holdings in Knight-Swift Transportation by 54,434.0% during the first quarter. SG Americas Securities LLC now owns 1,103,768 shares of the transportation company's stock worth $48,003,000 after purchasing an additional 1,101,744 shares in the last quarter. Junto Capital Management LP bought a new stake in Knight-Swift Transportation during the fourth quarter worth approximately $34,355,000. Ceredex Value Advisors LLC raised its holdings in Knight-Swift Transportation by 59.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,435,562 shares of the transportation company's stock worth $76,142,000 after purchasing an additional 535,518 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings 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 in the last quarter. Institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX traded up $0.17 on Friday, hitting $41.62. 828,660 shares of the company were exchanged, compared to its average volume of 2,881,659. The company's 50 day moving average price is $44.60 and its two-hundred day moving average price is $45.98. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 0.63 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $1.86 billion for 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 firm's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Research 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 company also recently disclosed 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%. Knight-Swift Transportation's dividend payout ratio is 70.59%.

Analyst Ratings Changes

Several research firms have issued reports on KNX. Baird R W upgraded shares of Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Raymond James Financial lifted 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 research report on Tuesday, July 15th. Wells Fargo & Company boosted their price target on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. The Goldman Sachs Group upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their price target for the company from $45.00 to $65.00 in a report on Monday, June 2nd. Finally, Benchmark restated a "buy" rating and set a $63.00 price target on shares of Knight-Swift Transportation in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.