Two Sigma Investments LP decreased its holdings in Knight-Swift (NYSE:KNX) by 47.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 432,054 shares of the transportation company’s stock after selling 387,777 shares during the period. Two Sigma Investments LP owned about 0.24% of Knight-Swift worth $18,889,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of KNX. BlackRock Inc. raised its holdings in shares of Knight-Swift by 6.0% in the fourth quarter. BlackRock Inc. now owns 14,341,294 shares of the transportation company’s stock valued at $627,000,000 after buying an additional 808,692 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Knight-Swift by 97.1% during the third quarter. Bank of New York Mellon Corp now owns 8,427,755 shares of the transportation company’s stock worth $350,174,000 after purchasing an additional 4,151,669 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in Knight-Swift by 8.4% during the third quarter. Wasatch Advisors Inc. now owns 5,564,873 shares of the transportation company’s stock worth $231,220,000 after purchasing an additional 431,493 shares in the last quarter. Standard Life Aberdeen plc purchased a new position in Knight-Swift during the fourth quarter worth about $225,393,000. Finally, Victory Capital Management Inc. raised its holdings in Knight-Swift by 403.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,800,988 shares of the transportation company’s stock worth $78,740,000 after purchasing an additional 1,443,312 shares in the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s stock.
Several research analysts have weighed in on KNX shares. ValuEngine upgraded shares of Knight-Swift from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Stifel Nicolaus restated a “hold” rating and set a $48.00 target price on shares of Knight-Swift in a research report on Friday. Zacks Investment Research downgraded shares of Knight-Swift from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo increased their price target on shares of Knight-Swift from $36.00 to $48.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Finally, Buckingham Research increased their price target on shares of Knight-Swift from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Knight-Swift currently has a consensus rating of “Buy” and an average target price of $50.65.
Shares of KNX stock traded down $1.57 during midday trading on Friday, reaching $43.61. 4,137,781 shares of the company were exchanged, compared to its average volume of 2,068,597. Knight-Swift has a 12 month low of $27.61 and a 12 month high of $51.94. The company has a market capitalization of $8,050.58, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 1.32 and a beta of 1.69. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12.
Knight-Swift (NYSE:KNX) last released its earnings results on Tuesday, January 30th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.13. Knight-Swift had a net margin of 12.58% and a return on equity of 5.92%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 370.2% on a year-over-year basis. equities research analysts predict that Knight-Swift will post 2.29 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 27th. Stockholders of record on Thursday, March 1st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, February 28th. Knight-Swift’s dividend payout ratio (DPR) is currently 17.39%.
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Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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