Nuance Investments LLC Has $9.66 Million Stake in Knight-Swift Transportation Holdings Inc. $KNX

Nuance Investments LLC trimmed its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 21.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,670 shares of the transportation company’s stock after selling 50,045 shares during the period. Knight-Swift Transportation comprises approximately 1.1% of Nuance Investments LLC’s investment portfolio, making the stock its 23rd biggest position. Nuance Investments LLC’s holdings in Knight-Swift Transportation were worth $9,655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KNX. Victory Capital Management Inc. boosted its stake in shares of Knight-Swift Transportation by 0.9% in the third quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock worth $335,682,000 after acquiring an additional 76,342 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Knight-Swift Transportation by 8,184.6% in the third quarter. William Blair Investment Management LLC now owns 509,919 shares of the transportation company’s stock worth $20,147,000 after acquiring an additional 503,764 shares during the period. AXQ Capital LP bought a new position in shares of Knight-Swift Transportation in the third quarter worth about $913,000. Strs Ohio boosted its stake in shares of Knight-Swift Transportation by 24.7% in the fourth quarter. Strs Ohio now owns 448,471 shares of the transportation company’s stock worth $23,446,000 after acquiring an additional 88,707 shares during the period. Finally, ING Groep NV boosted its stake in shares of Knight-Swift Transportation by 161.1% in the third quarter. ING Groep NV now owns 69,200 shares of the transportation company’s stock worth $2,734,000 after acquiring an additional 42,700 shares during the period. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KNX. Benchmark upped their price objective on Knight-Swift Transportation from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Wells Fargo & Company upped their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday. Weiss Ratings raised Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 15th. Evercore raised Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price target for the company in a research note on Friday, March 27th. Finally, Citigroup upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.19.

Knight-Swift Transportation Trading Up 0.0%

Shares of KNX stock opened at $78.59 on Friday. Knight-Swift Transportation Holdings Inc. has a 1 year low of $38.63 and a 1 year high of $79.96. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50 day simple moving average is $65.63 and its two-hundred day simple moving average is $58.45. The company has a market cap of $12.77 billion, a PE ratio of 374.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.14 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Monday, June 8th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 380.95%.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.