XTX Topco Ltd Makes New Investment 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 bought a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,238 shares of the transportation company's stock, valued at approximately $706,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in KNX. LPL Financial LLC boosted its position in Knight-Swift Transportation by 28.3% during the fourth quarter. LPL Financial LLC now owns 31,736 shares of the transportation company's stock valued at $1,683,000 after purchasing an additional 6,991 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of Knight-Swift Transportation in the fourth quarter worth about $221,000. O Shaughnessy Asset Management LLC raised its stake in shares of Knight-Swift Transportation by 13.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,962 shares of the transportation company's stock worth $263,000 after purchasing an additional 604 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Knight-Swift Transportation by 20.5% in the fourth quarter. Alliancebernstein L.P. now owns 292,859 shares of the transportation company's stock worth $15,533,000 after purchasing an additional 49,899 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in Knight-Swift Transportation during the fourth quarter valued at approximately $2,922,000. Institutional investors own 88.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Evercore ISI dropped their price target on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Benchmark reissued a "buy" rating and set a $63.00 price objective on shares of Knight-Swift Transportation in a research note on Monday, April 14th. TD Securities lowered their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $53.88.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX opened at $42.03 on Tuesday. The stock's 50-day moving average is $44.65 and its two-hundred day moving average is $46.03. 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 Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 41.20, a price-to-earnings-growth ratio of 0.61 and a beta of 1.17.

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 for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the business earned $0.24 EPS. Knight-Swift Transportation's revenue was up .8% on a year-over-year basis. Analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

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.

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