4D Advisors LLC Buys Shares of 75,000 Knight-Swift Transportation Holdings Inc. $KNX

4D Advisors LLC bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 4th quarter, HoldingsChannel reports. The fund bought 75,000 shares of the transportation company’s stock, valued at approximately $3,921,000. Knight-Swift Transportation makes up 2.1% of 4D Advisors LLC’s holdings, making the stock its 26th biggest position.

Several other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in Knight-Swift Transportation by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock valued at $335,682,000 after buying an additional 76,342 shares during the period. Dimensional Fund Advisors LP increased its holdings in Knight-Swift Transportation by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,397,338 shares of the transportation company’s stock valued at $439,016,000 after buying an additional 129,651 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Knight-Swift Transportation by 7.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,676,422 shares of the transportation company’s stock valued at $244,250,000 after purchasing an additional 315,192 shares in the last quarter. Ensign Peak Advisors Inc boosted its stake in shares of Knight-Swift Transportation by 50.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock valued at $153,662,000 after purchasing an additional 984,422 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Knight-Swift Transportation by 44.3% in the 4th quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock valued at $127,087,000 after purchasing an additional 745,787 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on KNX. Weiss Ratings upgraded shares of Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 15th. UBS Group lifted their target price on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Barclays lifted their target price on shares of Knight-Swift Transportation from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Robert W. Baird boosted their price target on shares of 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, Benchmark boosted their price target on shares of Knight-Swift Transportation from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.81.

Knight-Swift Transportation Stock Down 5.7%

Shares of NYSE KNX opened at $72.91 on Thursday. The company’s 50 day moving average price is $69.12 and its 200-day moving average price is $60.56. The company has a market capitalization of $11.85 billion, a P/E ratio of 347.19, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70. Knight-Swift Transportation Holdings Inc. has a 52-week low of $38.63 and a 52-week high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data 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 company had revenue of $1.85 billion during 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%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. Equities 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. Knight-Swift Transportation’s payout ratio is currently 380.95%.

Knight-Swift Transportation 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.