Louisiana State Employees Retirement System Acquires New Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Louisiana State Employees Retirement System bought a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNXFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 47,100 shares of the transportation company’s stock, valued at approximately $2,712,000.

Several other hedge funds also recently modified their holdings of the business. Blue Trust Inc. raised its holdings in shares of Knight-Swift Transportation by 123.9% during the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 301 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Knight-Swift Transportation by 4.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,183 shares of the transportation company’s stock worth $298,000 after purchasing an additional 222 shares in the last quarter. Krilogy Financial LLC acquired a new position in Knight-Swift Transportation during the first quarter worth $202,000. Evolve Private Wealth LLC increased its position in Knight-Swift Transportation by 17.5% during the first quarter. Evolve Private Wealth LLC now owns 5,558 shares of the transportation company’s stock worth $320,000 after buying an additional 826 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in Knight-Swift Transportation by 6.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 34,388 shares of the transportation company’s stock valued at $1,798,000 after buying an additional 2,084 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KNX. The Goldman Sachs Group raised their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Stifel Nicolaus upped their target price on Knight-Swift Transportation from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Citigroup downgraded Knight-Swift Transportation from a “buy” rating to a “neutral” rating and increased their price target for the company from $72.00 to $90.00 in a report on Monday, June 15th. TD Cowen lifted their price target on shares of Knight-Swift Transportation from $60.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, UBS Group boosted their price objective on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.53.

Check Out Our Latest Stock Report on KNX

Knight-Swift Transportation Trading Up 0.0%

Knight-Swift Transportation stock opened at $76.65 on Monday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $38.63 and a 52 week high of $82.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $12.45 billion, a PE ratio of 365.00, a PEG ratio of 0.98 and a beta of 1.18. The business’s 50-day simple moving average is $71.04 and its 200-day simple moving average is $61.83.

Knight-Swift Transportation (NYSE:KNXGet Free Report) 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). The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. Knight-Swift Transportation’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. Equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.14 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio is currently 380.95%.

About Knight-Swift Transportation

(Free Report)

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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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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