Quantbot Technologies LP Buys 137,934 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Quantbot Technologies LP increased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 681.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 158,168 shares of the transportation company’s stock after acquiring an additional 137,934 shares during the period. Knight-Swift Transportation comprises 0.5% of Quantbot Technologies LP’s holdings, making the stock its 13th largest position. Quantbot Technologies LP’s holdings in Knight-Swift Transportation were worth $8,702,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lido Advisors LLC increased its stake in shares of Knight-Swift Transportation by 7.3% during the third quarter. Lido Advisors LLC now owns 4,346 shares of the transportation company’s stock valued at $218,000 after purchasing an additional 297 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Knight-Swift Transportation by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 2,724,604 shares of the transportation company’s stock valued at $136,639,000 after purchasing an additional 132,214 shares in the last quarter. Sei Investments Co. increased its stake in shares of Knight-Swift Transportation by 3.8% during the third quarter. Sei Investments Co. now owns 285,621 shares of the transportation company’s stock valued at $14,324,000 after purchasing an additional 10,456 shares in the last quarter. Comerica Bank bought a new position in shares of Knight-Swift Transportation during the third quarter valued at approximately $4,674,000. Finally, Wellington Management Group LLP grew its holdings in shares of Knight-Swift Transportation by 15.2% during the third quarter. Wellington Management Group LLP now owns 13,578,508 shares of the transportation company’s stock valued at $680,962,000 after buying an additional 1,794,133 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Stock Performance

KNX traded up $0.32 during trading on Friday, hitting $49.86. The company’s stock had a trading volume of 2,156,304 shares, compared to its average volume of 2,101,559. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $60.99. The firm has a market cap of $8.06 billion, a PE ratio of 74.42, a P/E/G ratio of 1.27 and a beta of 0.94. The business’s 50 day simple moving average is $48.42 and its 200-day simple moving average is $52.65.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the business posted $0.73 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.64 annualized dividend and a yield of 1.28%. Knight-Swift Transportation’s payout ratio is presently 95.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KNX shares. 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. Stifel Nicolaus cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price target for the company from $53.00 to $47.00 in a report on Friday, April 26th. Wells Fargo & Company started coverage on shares of Knight-Swift Transportation in a report on Friday, June 7th. They set an “overweight” rating and a $56.00 price target on the stock. Wolfe Research cut shares of Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a report on Thursday. Finally, Robert W. Baird cut their price target on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.00.

Knight-Swift Transportation 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.