Strs Ohio cut its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 21.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 354,165 shares of the transportation company’s stock after selling 94,306 shares during the period. Strs Ohio’s holdings in Knight-Swift Transportation were worth $20,393,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in KNX. Fifth Third Wealth Advisors LLC raised 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 valued at $298,000 after acquiring an additional 222 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 267 shares during the last quarter. Blue Trust Inc. increased its position in shares of Knight-Swift Transportation by 123.9% in 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 during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Knight-Swift Transportation by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock valued at $2,091,000 after purchasing an additional 306 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Knight-Swift Transportation by 7.9% during the 4th quarter. Parallel Advisors LLC now owns 4,240 shares of the transportation company’s stock worth $222,000 after purchasing an additional 309 shares during the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.
Knight-Swift Transportation Price Performance
Shares of NYSE:KNX opened at $76.36 on Friday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $38.63 and a 12 month high of $82.86. The firm has a market capitalization of $12.41 billion, a P/E ratio of 363.62, a P/E/G ratio of 0.97 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70. The company’s fifty day moving average price is $72.30 and its 200 day moving average price is $62.65.
Knight-Swift Transportation Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. Knight-Swift Transportation’s dividend payout ratio is 380.95%.
Analyst Ratings Changes
Several research firms recently commented on KNX. Barclays increased their target price on Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. UBS Group lifted their price target on Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Zacks Research upgraded Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Robert W. Baird raised their target price on Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, TD Cowen boosted their target price on Knight-Swift Transportation from $60.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $75.41.
View Our Latest Research Report on Knight-Swift Transportation
About Knight-Swift Transportation
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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