WINTON GROUP Ltd Invests $6.55 Million in Knight-Swift Transportation Holdings Inc. $KNX

WINTON GROUP Ltd purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 125,311 shares of the transportation company’s stock, valued at approximately $6,551,000.

A number of other large investors have also bought and sold shares of the business. Fifth Third Bancorp grew its position 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 last quarter. Public Employees Retirement System of Ohio grew its position 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 last quarter. Parallel Advisors LLC grew its position 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 last quarter. Lido Advisors LLC grew its position 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 last quarter. Finally, Farther Finance Advisors LLC grew its position 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 last quarter. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Stock Up 0.0%

Shares of KNX opened at $78.59 on Friday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $38.63 and a 52 week high of $79.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 374.24, a PEG ratio of 1.00 and a beta of 1.18. The business’s fifty day moving average price is $65.63 and its two-hundred day moving average price is $58.45.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share (EPS) 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 company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict 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. Stockholders of record on Monday, June 8th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 380.95%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KNX shares. Benchmark increased their price target on Knight-Swift Transportation from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Evercore upgraded Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price target on the stock in a research report on Friday, March 27th. Barclays increased their price target on Knight-Swift Transportation from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Citigroup upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Friday, March 13th. Finally, Robert W. Baird increased their price target on Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock 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.