Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 42.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,710 shares of the transportation company’s stock after acquiring an additional 44,154 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.09% of Knight-Swift Transportation worth $8,182,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of Knight-Swift Transportation by 15.7% during the fourth quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock valued at $906,016,000 after acquiring an additional 2,137,296 shares during the period. Vanguard Group Inc. raised its stake in shares of Knight-Swift Transportation by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 15,021,291 shares of the transportation company’s stock valued at $865,977,000 after purchasing an additional 57,000 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Knight-Swift Transportation by 908.9% during the fourth quarter. Victory Capital Management Inc. now owns 4,181,899 shares of the transportation company’s stock valued at $241,086,000 after purchasing an additional 3,767,408 shares in the last quarter. Norges Bank bought a new stake in shares of Knight-Swift Transportation during the fourth quarter valued at about $201,232,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Knight-Swift Transportation by 10.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,371,944 shares of the transportation company’s stock valued at $185,524,000 after purchasing an additional 311,788 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 4.0 %

KNX traded up $2.07 during trading on Tuesday, reaching $54.31. The company had a trading volume of 2,677,361 shares, compared to its average volume of 2,135,131. The firm’s 50-day simple moving average is $48.81 and its 200 day simple moving average is $52.03. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 81.09, a PEG ratio of 1.33 and a beta of 0.94. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $60.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm earned $0.49 EPS. The company’s revenue was up 18.9% compared to the same quarter last year. Equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.16 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were paid a $0.16 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.18%. Knight-Swift Transportation’s payout ratio is 95.52%.

Analyst Upgrades and Downgrades

KNX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Robert W. Baird cut their price objective on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Stifel Nicolaus cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and dropped their price target for the stock from $53.00 to $47.00 in a research report on Friday, April 26th. Loop Capital cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and dropped their price target for the stock from $63.00 to $53.00 in a research report on Thursday, April 18th. Finally, UBS Group dropped their price target on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.79.

Knight-Swift Transportation Company 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.