Y Intercept Hong Kong Ltd Takes Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Y Intercept Hong Kong Ltd bought a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 93,648 shares of the transportation company's stock, valued at approximately $4,073,000. Y Intercept Hong Kong Ltd owned approximately 0.06% of Knight-Swift Transportation at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mader & Shannon Wealth Management Inc. grew its holdings in shares of Knight-Swift Transportation by 15.2% during the 1st quarter. Mader & Shannon Wealth Management Inc. now owns 141,284 shares of the transportation company's stock valued at $6,144,000 after purchasing an additional 18,593 shares during the last quarter. Csenge Advisory Group purchased a new stake in Knight-Swift Transportation in the first quarter valued at approximately $536,000. Forum Financial Management LP grew its holdings in shares of Knight-Swift Transportation by 16.4% in the first quarter. Forum Financial Management LP now owns 5,518 shares of the transportation company's stock worth $240,000 after purchasing an additional 776 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of Knight-Swift Transportation by 14.5% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,340 shares of the transportation company's stock worth $363,000 after purchasing an additional 1,058 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Knight-Swift Transportation by 4.6% during the 1st 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 during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Citigroup boosted their price objective on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. Robert W. Baird began coverage on Knight-Swift Transportation in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $55.00 target price for the company. Bank of America lifted their target price on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Stifel Nicolaus reduced their price objective on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a research note on Monday, April 14th. 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 stock. According to MarketBeat, Knight-Swift Transportation has an average rating of "Moderate Buy" and an average price target of $53.06.

Knight-Swift Transportation Trading Up 1.6%

KNX stock traded up $0.73 during mid-day trading on Tuesday, reaching $45.16. The company had a trading volume of 1,851,410 shares, compared to its average volume of 2,416,146. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50 day moving average of $44.89 and a 200 day moving average of $46.85. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The company has a market capitalization of $7.32 billion, a PE ratio of 48.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.83 billion. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The firm's revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share. On average, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.59%. Knight-Swift Transportation's dividend payout ratio is currently 76.60%.

Knight-Swift Transportation 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.