Aristotle Capital Boston LLC Boosts Stock Position in Knight-Swift Transportation Holdings Inc. $KNX

Aristotle Capital Boston LLC boosted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 326,237 shares of the transportation company’s stock after buying an additional 24,787 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Knight-Swift Transportation were worth $17,056,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KNX. Integrated Wealth Concepts LLC boosted its stake in Knight-Swift Transportation by 23.3% in the first quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock valued at $259,000 after acquiring an additional 1,124 shares in the last quarter. Focus Partners Wealth acquired a new position in Knight-Swift Transportation in the first quarter valued at $451,000. Cetera Investment Advisers boosted its stake in Knight-Swift Transportation by 6.9% in the second quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company’s stock valued at $607,000 after acquiring an additional 882 shares in the last quarter. Invesco Ltd. boosted its stake in Knight-Swift Transportation by 57.7% in the second quarter. Invesco Ltd. now owns 1,087,719 shares of the transportation company’s stock valued at $48,110,000 after acquiring an additional 398,116 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Knight-Swift Transportation by 54.3% in the second quarter. First Trust Advisors LP now owns 491,702 shares of the transportation company’s stock valued at $21,748,000 after acquiring an additional 172,956 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Price Performance

Shares of KNX opened at $72.91 on Thursday. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $38.63 and a fifty-two week high of $82.86. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 347.19, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18. The firm has a 50-day simple moving average of $69.12 and a 200-day simple moving average of $60.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70.

Knight-Swift Transportation (NYSE:KNX) last announced its 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 analyst estimates of $1.85 billion. During the same quarter last year, the company posted $0.28 EPS. Knight-Swift Transportation’s quarterly revenue was up 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.14 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be given a $0.20 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 380.95%.

Analysts Set New Price Targets

Several research firms have issued reports on KNX. Citigroup downgraded shares of Knight-Swift Transportation from a “buy” rating to a “neutral” rating and upped their price objective for the company from $72.00 to $90.00 in a research note on Monday. Stifel Nicolaus upped their price objective on shares of Knight-Swift Transportation from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Evercore upgraded shares of Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price objective for the company in a research note on Friday, March 27th. Benchmark upped their price objective on shares of Knight-Swift Transportation from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Robert W. Baird upped their price objective on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.81.

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.