Knight-Swift Transportation Holdings Inc. $KNX Shares Sold by Strs Ohio

Strs Ohio lowered its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 21.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 354,165 shares of the transportation company’s stock after selling 94,306 shares during the quarter. Strs Ohio owned 0.22% of Knight-Swift Transportation worth $20,393,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Blue Trust Inc. grew 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 worth $31,000 after purchasing an additional 301 shares during the period. Clearstead Advisors LLC raised its holdings in Knight-Swift Transportation by 134.6% in the 4th 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 period. Caitong International Asset Management Co. Ltd lifted its position in Knight-Swift Transportation by 1,478.6% in 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 position in Knight-Swift Transportation during the fourth quarter worth about $39,000. Finally, Fifth Third Bancorp increased its position in shares of 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 acquiring an additional 267 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 0.0%

Shares of KNX stock opened at $76.36 on Friday. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $38.63 and a fifty-two week high of $82.86. The company has a 50 day moving average price of $72.30 and a 200 day moving average price of $62.65. The stock has a market capitalization of $12.41 billion, a P/E ratio of 363.62, a price-to-earnings-growth ratio of 0.97 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 (NYSE:KNX) last released its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.85 billion. Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.Knight-Swift Transportation’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. Equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.14 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were issued a $0.20 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 380.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KNX shares. Weiss Ratings raised shares of Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group boosted their target price on Knight-Swift Transportation from $65.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Robert W. Baird upped their price target on Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Citigroup lowered Knight-Swift Transportation from a “buy” rating to a “neutral” rating and raised their price target for the stock from $72.00 to $90.00 in a research report on Monday, June 15th. Finally, Barclays lifted their price objective on Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.41.

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.