Brandes Investment Partners LP lifted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 12.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,414,368 shares of the transportation company’s stock after purchasing an additional 154,525 shares during the period. Brandes Investment Partners LP’s holdings in Knight-Swift Transportation were worth $73,943,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Clearstead Advisors LLC increased its holdings in Knight-Swift Transportation by 134.6% during the fourth quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock valued at $35,000 after buying an additional 385 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Knight-Swift Transportation by 1,478.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after buying an additional 828 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Knight-Swift Transportation during the fourth quarter valued at approximately $39,000. Fifth Third Bancorp increased its holdings in Knight-Swift Transportation by 44.4% during the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after buying an additional 267 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Knight-Swift Transportation by 54.2% during the fourth quarter. Farther Finance Advisors LLC now owns 956 shares of the transportation company’s stock valued at $50,000 after buying an additional 336 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.
Knight-Swift Transportation Price Performance
Shares of NYSE:KNX opened at $80.43 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70. Knight-Swift Transportation Holdings Inc. has a 1-year low of $38.63 and a 1-year high of $82.44. The company has a market capitalization of $13.07 billion, a P/E ratio of 383.03, a P/E/G ratio of 1.03 and a beta of 1.18. The firm’s 50 day simple moving average is $66.63 and its two-hundred day simple moving average is $59.12.
Knight-Swift Transportation Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Monday, June 8th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.80 annualized dividend and a yield of 1.0%. Knight-Swift Transportation’s payout ratio is currently 380.95%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on KNX. UBS Group boosted their price objective on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Robert W. Baird boosted 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 report on Thursday, April 23rd. Evercore raised 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 report on Friday, March 27th. Citigroup raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Friday, March 13th. Finally, Stifel Nicolaus boosted 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 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 assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.19.
Check Out Our Latest Analysis on Knight-Swift Transportation
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.
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