Bowling Portfolio Administration LLC acquired a brand new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Score) within the first quarter, in accordance with its most up-to-date submitting with the Securities and Trade Fee (SEC). The agency acquired 29,930 shares of the transportation firm’s inventory, valued at roughly $1,510,000.
A number of different institutional traders and hedge funds have additionally just lately added to or diminished their stakes in KNX. KBC Group NV lifted its place in shares of Knight-Swift Transportation by 1,763.2% in the course of the fourth quarter. KBC Group NV now owns 1,004,686 shares of the transportation firm’s inventory valued at $61,226,000 after buying an extra 950,763 shares within the final quarter. Impala Asset Administration LLC purchased a brand new place in shares of Knight-Swift Transportation in the course of the fourth quarter valued at about $24,964,000. Los Angeles Capital Administration LLC lifted its place in shares of Knight-Swift Transportation by 306.1% in the course of the fourth quarter. Los Angeles Capital Administration LLC now owns 500,228 shares of the transportation firm’s inventory valued at $30,484,000 after buying an extra 377,041 shares within the final quarter. Goldman Sachs Group Inc. lifted its place in shares of Knight-Swift Transportation by 67.3% in the course of the fourth quarter. Goldman Sachs Group Inc. now owns 893,863 shares of the transportation firm’s inventory valued at $54,472,000 after buying an extra 359,528 shares within the final quarter. Lastly, Scout Investments Inc. lifted its place in shares of Knight-Swift Transportation by 52.2% in the course of the fourth quarter. Scout Investments Inc. now owns 778,092 shares of the transportation firm’s inventory valued at $47,417,000 after buying an extra 266,948 shares within the final quarter. 86.20% of the inventory is at present owned by institutional traders.
Quite a lot of analysis analysts just lately weighed in on the inventory. StockNews.com assumed protection on shares of Knight-Swift Transportation in a analysis report on Thursday, March thirty first. They set a “maintain” ranking on the inventory. Cowen lifted their value goal on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the inventory an “outperform” ranking in a analysis report on Thursday, April twenty first. Stephens lowered their value goal on shares of Knight-Swift Transportation from $70.00 to $66.00 and set an “obese” ranking on the inventory in a analysis report on Friday, April 1st. Raymond James lifted their value goal on shares of Knight-Swift Transportation from $50.00 to $53.00 in a analysis report on Monday, April twenty fifth. Lastly, Susquehanna raised shares of Knight-Swift Transportation from a “impartial” ranking to a “constructive” ranking and lifted their value goal for the inventory from $62.00 to $69.00 in a analysis report on Friday, March 4th. Two analysis analysts have rated the inventory with a promote ranking, three have issued a maintain ranking and 13 have issued a purchase ranking to the inventory. Primarily based on information from MarketBeat.com, the inventory has a consensus ranking of “Reasonable Purchase” and a consensus goal value of $64.18.
NYSE KNX opened at $44.57 on Thursday. The corporate’s 50 day shifting common is $47.53 and its 200-day shifting common is $52.63. The agency has a market cap of $7.29 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 0.55 and a beta of 1.23. Knight-Swift Transportation Holdings Inc. has a 12-month low of $42.50 and a 12-month excessive of $62.29. The corporate has a fast ratio of 1.26, a present ratio of 1.26 and a debt-to-equity ratio of 0.22.
Knight-Swift Transportation (NYSE:KNX – Get Score) final issued its quarterly earnings information on Wednesday, April twentieth. The transportation firm reported $1.35 EPS for the quarter, beating the consensus estimate of $1.26 by $0.09. The corporate had income of $1.83 billion in the course of the quarter, in comparison with analysts’ expectations of $1.76 billion. Knight-Swift Transportation had a internet margin of 12.45% and a return on fairness of 13.69%. Knight-Swift Transportation’s income for the quarter was up 49.4% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the corporate earned $0.83 earnings per share. Equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will publish 5.32 EPS for the present 12 months.
The corporate additionally just lately disclosed a quarterly dividend, which can be paid on Monday, June twenty seventh. Traders of document on Friday, June tenth can be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, June ninth. This represents a $0.48 annualized dividend and a yield of 1.08%. Knight-Swift Transportation’s dividend payout ratio is at present 9.76%.
About Knight-Swift Transportation (Get Score)
Knight-Swift Transportation Holdings Inc, along with its subsidiaries, offers truckload transportation providers in america, Mexico, and Canada. The corporate operates by means of 4 segments: Trucking, Logistics, Much less-than-truckload (LTL), and Intermodal. Its trucking providers embrace irregular route, devoted, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of varied merchandise, items, and supplies.
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