Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stake Raised by Sciencast Management LP

Sciencast Management LP raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 24.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,632 shares of the transportation company’s stock after acquiring an additional 2,251 shares during the quarter. Sciencast Management LP’s holdings in Knight-Swift Transportation were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in KNX. Quantbot Technologies LP lifted its stake in Knight-Swift Transportation by 681.7% during the first quarter. Quantbot Technologies LP now owns 158,168 shares of the transportation company’s stock valued at $8,702,000 after purchasing an additional 137,934 shares during the last quarter. Duality Advisers LP lifted its position in shares of Knight-Swift Transportation by 1,686.4% during the 1st quarter. Duality Advisers LP now owns 66,098 shares of the transportation company’s stock valued at $3,637,000 after acquiring an additional 62,398 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Knight-Swift Transportation by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 141,228 shares of the transportation company’s stock worth $7,770,000 after acquiring an additional 1,893 shares in the last quarter. Coronation Fund Managers Ltd. acquired a new position in shares of Knight-Swift Transportation in the 1st quarter worth $429,000. Finally, Rehmann Capital Advisory Group raised its position in shares of Knight-Swift Transportation by 2.2% during the first quarter. Rehmann Capital Advisory Group now owns 14,648 shares of the transportation company’s stock worth $806,000 after purchasing an additional 320 shares during the period. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Up 0.6 %

NYSE KNX traded up $0.32 on Friday, reaching $49.86. The stock had a trading volume of 2,156,304 shares, compared to its average volume of 2,101,559. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $60.99. The business has a 50 day moving average price of $48.47 and a 200 day moving average price of $52.59. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 74.42, a P/E/G ratio of 1.27 and a beta of 0.94.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. On average, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.23 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Monday, June 10th. Knight-Swift Transportation’s payout ratio is presently 95.52%.

Analyst Ratings Changes

A number of research firms recently weighed in on KNX. Wells Fargo & Company initiated coverage on Knight-Swift Transportation in a research report on Friday, June 7th. They issued an “overweight” rating and a $56.00 price target for the company. Raymond James assumed coverage on shares of Knight-Swift Transportation in a report on Wednesday, May 15th. They issued a “strong-buy” rating and a $58.00 target price for the company. JPMorgan Chase & Co. cut their price target on shares of Knight-Swift Transportation from $55.00 to $51.00 and set a “neutral” rating on the stock in a report on Tuesday. Bank of America decreased their price objective on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Susquehanna cut their target price on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.