TimesSquare Capital Management LLC increased its position in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,268,084 shares of the transportation company’s stock after acquiring an additional 22,200 shares during the period. TimesSquare Capital Management LLC’s holdings in Knight-Swift Transportation were worth $74,484,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of Knight-Swift Transportation by 30.3% in the 1st quarter. FMR LLC now owns 16,940,629 shares of the transportation company’s stock worth $553,620,000 after acquiring an additional 3,944,181 shares during the period. Wasatch Advisors Inc. grew its holdings in shares of Knight-Swift Transportation by 20.5% in the 1st quarter. Wasatch Advisors Inc. now owns 5,933,741 shares of the transportation company’s stock worth $193,915,000 after acquiring an additional 1,009,719 shares during the period. Impala Asset Management LLC lifted its stake in Knight-Swift Transportation by 4.5% in the 1st quarter. Impala Asset Management LLC now owns 3,100,720 shares of the transportation company’s stock valued at $101,332,000 after buying an additional 133,971 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in Knight-Swift Transportation by 8.3% in the 1st quarter. Frontier Capital Management Co. LLC now owns 2,903,755 shares of the transportation company’s stock valued at $94,895,000 after buying an additional 222,781 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Knight-Swift Transportation by 16.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,705,986 shares of the transportation company’s stock valued at $67,842,000 after buying an additional 379,298 shares in the last quarter. Institutional investors and hedge funds own 82.64% of the company’s stock.
A number of equities research analysts recently issued reports on KNX shares. ValuEngine raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Sunday, June 30th. Citigroup upped their target price on Knight-Swift Transportation from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Stephens started coverage on Knight-Swift Transportation in a research note on Monday, July 1st. They issued a “buy” rating on the stock. Morgan Stanley set a $48.00 target price on Knight-Swift Transportation and gave the company a “buy” rating in a research note on Monday, July 8th. Finally, KeyCorp upped their target price on Knight-Swift Transportation from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Knight-Swift Transportation currently has a consensus rating of “Buy” and a consensus price target of $42.91.
Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Knight-Swift Transportation had a return on equity of 8.66% and a net margin of 8.19%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company posted $0.27 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc will post 2.4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, August 30th. Knight-Swift Transportation’s dividend payout ratio is presently 9.38%.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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