University of Texas Texas AM Investment Management Co. Buys New Position in Knight-Swift Transportation Holdings Inc. $KNX

University of Texas Texas AM Investment Management Co. purchased a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,950 shares of the transportation company’s stock, valued at approximately $886,000.

Other hedge funds have also added to or reduced their stakes in the company. Clearstead Advisors LLC lifted its position in shares of Knight-Swift Transportation by 134.6% in the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after purchasing an additional 385 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Knight-Swift Transportation during the 4th quarter valued at about $39,000. Fifth Third Bancorp increased its position in shares of Knight-Swift Transportation by 44.4% during the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after buying an additional 267 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after buying an additional 828 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its stake in Knight-Swift Transportation by 151.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 941 shares of the transportation company’s stock worth $49,000 after buying an additional 567 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Down 3.1%

Shares of KNX stock opened at $79.05 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.26. Knight-Swift Transportation Holdings Inc. has a 12 month low of $38.63 and a 12 month high of $82.86. The stock has a market cap of $12.85 billion, a P/E ratio of 376.46, a P/E/G ratio of 1.04 and a beta of 1.18. The company has a 50 day simple moving average of $68.49 and a two-hundred day simple moving average of $60.15.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business earned $0.28 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. On average, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.14 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently declared 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 of this dividend is Monday, June 8th. Knight-Swift Transportation’s payout ratio is currently 380.95%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KNX shares. Citigroup downgraded Knight-Swift Transportation from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $72.00 to $90.00 in a report on Monday. Benchmark boosted their target price on Knight-Swift Transportation from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Robert W. Baird upped their price target on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. UBS Group increased their price objective on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Finally, Susquehanna raised 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, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.81.

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.