Trexquant Investment LP acquired a new stake in Knight-Swift Transportation Holdings Inc (NYSE:KNX) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 46,356 shares of the transportation company’s stock, valued at approximately $1,771,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Knight-Swift Transportation by 0.9% in the 1st quarter. BlackRock Inc. now owns 14,463,356 shares of the transportation company’s stock valued at $665,459,000 after acquiring an additional 122,062 shares in the last quarter. Millennium Management LLC lifted its position in Knight-Swift Transportation by 334.8% during the 1st quarter. Millennium Management LLC now owns 3,670,747 shares of the transportation company’s stock worth $168,891,000 after buying an additional 2,826,495 shares in the last quarter. Citadel Advisors LLC lifted its position in Knight-Swift Transportation by 314.7% during the 1st quarter. Citadel Advisors LLC now owns 3,349,522 shares of the transportation company’s stock worth $154,112,000 after buying an additional 2,541,867 shares in the last quarter. Victory Capital Management Inc. lifted its position in Knight-Swift Transportation by 33.8% during the 1st quarter. Victory Capital Management Inc. now owns 2,409,668 shares of the transportation company’s stock worth $110,869,000 after buying an additional 608,680 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Knight-Swift Transportation by 2.2% during the 1st quarter. Northern Trust Corp now owns 2,238,790 shares of the transportation company’s stock worth $103,006,000 after buying an additional 47,843 shares in the last quarter. 80.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of KNX stock opened at $32.90 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.92 billion, a PE ratio of 23.84, a PEG ratio of 0.97 and a beta of 1.58. Knight-Swift Transportation Holdings Inc has a 52-week low of $29.00 and a 52-week high of $51.94.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, July 25th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.56. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Knight-Swift Transportation had a net margin of 13.67% and a return on equity of 5.74%. Knight-Swift Transportation’s quarterly revenue was up 387.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. equities analysts forecast that Knight-Swift Transportation Holdings Inc will post 2.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Monday, September 3rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.73%. Knight-Swift Transportation’s payout ratio is 17.39%.

Several brokerages have commented on KNX. JPMorgan Chase & Co. boosted their price target on shares of Knight-Swift Transportation from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, April 26th. ValuEngine cut shares of Knight-Swift Transportation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 24th. Credit Suisse Group cut their price target on shares of Knight-Swift Transportation from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, April 26th. UBS Group boosted their price target on shares of Knight-Swift Transportation from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, April 26th. Finally, Stifel Nicolaus raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Monday, May 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Knight-Swift Transportation has an average rating of “Buy” and a consensus target price of $49.44.

In other news, CAO Wayne Yu bought 1,750 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were bought at an average cost of $32.01 per share, with a total value of $56,017.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 27.50% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics 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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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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