125,311 Shares in Knight-Swift Transportation Holdings Inc. $KNX Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 125,311 shares of the transportation company’s stock, valued at approximately $6,551,000. WINTON GROUP Ltd owned about 0.08% of Knight-Swift Transportation as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in KNX. Fifth Third Bancorp raised its holdings in Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 267 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Knight-Swift Transportation by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock valued at $2,091,000 after acquiring an additional 306 shares in the last quarter. Parallel Advisors LLC raised its holdings in Knight-Swift Transportation by 7.9% in the 4th quarter. Parallel Advisors LLC now owns 4,240 shares of the transportation company’s stock valued at $222,000 after acquiring an additional 309 shares in the last quarter. Lido Advisors LLC raised its holdings in Knight-Swift Transportation by 0.4% in the 4th quarter. Lido Advisors LLC now owns 75,102 shares of the transportation company’s stock valued at $3,926,000 after acquiring an additional 335 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Knight-Swift Transportation by 54.2% in the 4th quarter. Farther Finance Advisors LLC now owns 956 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 336 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 0.0%

Shares of KNX 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 current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $65.63 and a 200-day simple moving average of $58.45. The stock has a market cap of $12.77 billion, a PE ratio of 374.24, a PEG ratio of 1.00 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results 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 return on equity of 2.94% and a net margin of 0.45%.The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.14 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. Knight-Swift Transportation’s dividend payout ratio is presently 380.95%.

Wall Street Analysts Forecast Growth

Several research firms have commented on KNX. Benchmark upped their price target on Knight-Swift Transportation from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Robert W. Baird upped their price target on Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. UBS Group upped their price target on Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 1st. Barclays upped their price target on Knight-Swift Transportation from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, 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 report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.19.

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.