Hudson Bay Capital Management LP Buys 104,859 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Hudson Bay Capital Management LP increased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 70.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 252,708 shares of the transportation company’s stock after purchasing an additional 104,859 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Knight-Swift Transportation were worth $13,404,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. increased its stake in shares of Knight-Swift Transportation by 6.8% in the 4th quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company’s stock valued at $423,265,000 after acquiring an additional 506,491 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Knight-Swift Transportation by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company’s stock valued at $370,819,000 after purchasing an additional 505,543 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Knight-Swift Transportation by 3.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company’s stock valued at $221,541,000 after purchasing an additional 125,827 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Knight-Swift Transportation by 1.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company’s stock valued at $188,632,000 after purchasing an additional 63,241 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Knight-Swift Transportation by 36.8% during the 4th quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company’s stock valued at $100,004,000 after purchasing an additional 507,370 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

NYSE KNX opened at $42.43 on Monday. The company has a fifty day moving average price of $42.43 and a 200-day moving average price of $50.53. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 58.12 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. As a group, equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 76.60%.

Analyst Ratings Changes

A number of brokerages have commented on KNX. Benchmark restated a “buy” rating and set a $63.00 price target on shares of Knight-Swift Transportation in a research note on Monday, April 14th. TD Securities decreased their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Evercore ISI decreased their price target on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an “in-line” rating for the company in a research note on Thursday, April 24th. TD Cowen decreased their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, UBS Group decreased their price target on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.60.

Insider Buying and Selling

In related news, Director Douglas L. Col purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $45.37 per share, with a total value of $226,850.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $226,850. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.

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.