Capstone Investment Advisors LLC Acquires 3,500 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Capstone Investment Advisors LLC raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 73.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,294 shares of the transportation company’s stock after buying an additional 3,500 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Knight-Swift Transportation were worth $478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV grew its holdings in shares of Knight-Swift Transportation by 136.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock worth $38,000 after purchasing an additional 385 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock worth $42,000 after purchasing an additional 326 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Knight-Swift Transportation by 61.7% in the 4th quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock worth $43,000 after purchasing an additional 283 shares during the last quarter. Planned Solutions Inc. bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth about $92,000. Finally, Avior Wealth Management LLC bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth about $150,000. Institutional investors own 88.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KNX shares. JPMorgan Chase & Co. lowered their target price on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Stephens lowered their target price on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Stifel Nicolaus downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and reduced their price target for the stock from $53.00 to $47.00 in a research report on Friday, April 26th. Raymond James assumed coverage on shares of Knight-Swift Transportation in a research report on Wednesday, May 15th. They set a “strong-buy” rating and a $58.00 price target on the stock. Finally, Loop Capital downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and reduced their price target for the stock from $63.00 to $53.00 in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.38.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock opened at $48.29 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $60.99. The company has a market cap of $7.80 billion, a PE ratio of 72.08, a PEG ratio of 1.19 and a beta of 1.03. The company’s 50-day moving average is $49.69 and its two-hundred day moving average is $53.92.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share. Equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.26 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a $0.16 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.33%. Knight-Swift Transportation’s dividend payout ratio is 95.52%.

About Knight-Swift Transportation

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.