12,328 Shares in Knight-Swift Transportation Holdings Inc. $KNX Purchased by Storgate LLC

Storgate LLC bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,328 shares of the transportation company’s stock, valued at approximately $645,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNX. Fifth Third Bancorp increased its holdings in Knight-Swift Transportation by 44.4% during the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after acquiring an additional 267 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Knight-Swift Transportation by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock worth $2,091,000 after acquiring an additional 306 shares during the period. Parallel Advisors LLC increased its holdings in Knight-Swift Transportation by 7.9% during the 4th quarter. Parallel Advisors LLC now owns 4,240 shares of the transportation company’s stock worth $222,000 after acquiring an additional 309 shares during the period. Lido Advisors LLC increased its holdings in Knight-Swift Transportation by 0.4% during the 4th quarter. Lido Advisors LLC now owns 75,102 shares of the transportation company’s stock worth $3,926,000 after acquiring an additional 335 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Knight-Swift Transportation by 54.2% during the 4th quarter. Farther Finance Advisors LLC now owns 956 shares of the transportation company’s stock worth $50,000 after acquiring an additional 336 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX opened at $81.34 on Friday. The company’s fifty day moving average price is $68.08 and its 200-day moving average price is $59.80. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 387.35, a PEG ratio of 1.05 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a one year low of $38.63 and a one year high of $82.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70.

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

Knight-Swift Transportation Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KNX. Wells Fargo & Company upped their target price on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Robert W. Baird upped their target price on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings raised shares of Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 15th. Barclays upped their target price on shares of Knight-Swift Transportation from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and set a $90.00 price target on the stock in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.19.

Knight-Swift Transportation Company Profile

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.