SG Americas Securities LLC increases its stake in Knight-Swift Transportation Holdings Inc. (NYSE: KNX)
SG Americas Securities LLC increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE: KNX – Get Rating) by 274.6% during the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission (DRY) . The company held 49,873 shares of the transportation company after purchasing an additional 36,560 shares during the period. SG Americas Securities LLC’s holdings in Knight-Swift Transportation were worth $2,517,000 at the end of the last quarter.
Other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its stake in Knight-Swift Transportation by 336.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 436 shares of the transportation company worth $27,000 after buying 336 additional shares during the period. TCI Wealth Advisors Inc. increased its stake in Knight-Swift Transportation by 263.9% during the first quarter. TCI Wealth Advisors Inc. now owns 655 shares of the transportation company worth $33,000 after purchasing an additional 475 shares during the period. Quent Capital LLC bought a new position in Knight-Swift Transportation during the fourth quarter worth approximately $36,000. Catalyst Capital Advisors LLC bought a new position in Knight-Swift Transportation during the fourth quarter worth approximately $37,000. Finally, Psagot Value Holdings Ltd. Israel bought a new position in Knight-Swift Transportation during the fourth quarter for a value of approximately $45,000. 86.20% of the shares are held by hedge funds and other institutional investors.
Wall Street analysts predict growth
KNX has been the subject of a number of research analyst reports. Raymond James raised his price target on Knight-Swift Transportation shares from $50.00 to $53.00 in a Monday, April 25 research note. Wells Fargo & Company cut its price target on Knight-Swift Transportation shares from $62.00 to $58.00 and set an “overweight” rating on the stock in a Friday, July 15 research note . Barclays cut its price target on Knight-Swift Transportation shares from $60.00 to $58.00 and set an “overweight” rating on the stock in a Tuesday, July 12 research note. Evercore ISI upgraded Knight-Swift Transportation shares from an “in-line” rating to an “outperforming” rating and set a $35.00 price target on the stock in a Tuesday 12 research note. July. Finally, Cowen raised his price target on Knight-Swift Transportation shares from $54.00 to $55.00 and gave the company an “outperform” rating in a Thursday, April 21 research note. One financial analyst assigned the stock a sell rating, three assigned a hold rating and fifteen assigned the company’s stock a buy rating. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.94.
Knight-Swift Transportation trades down 1.7%
NYSE KNX opened at $51.17 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.33 and a leverage ratio of 0.22. Knight-Swift Transportation Holdings Inc. has a 52-week low of $42.50 and a 52-week high of $62.29. The stock has a market capitalization of $8.37 billion, a PE ratio of 9.56, a price-to-growth earnings ratio of 0.64 and a beta of 1.19. The company has a 50-day moving average of $47.42 and a two-hundred-day moving average of $50.72.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last released its quarterly results on Wednesday, July 20. The transportation company reported EPS of $1.41 for the quarter, beating the consensus estimate of $1.35 by $0.06. Knight-Swift Transportation posted a net margin of 12.26% and a return on equity of 14.44%. The company posted revenue of $1.96 billion in the quarter, versus $1.85 billion expected by analysts. In the same quarter a year earlier, the company posted EPS of $0.98. The company’s revenue increased 49.1% year over year. As a group, research analysts expect Knight-Swift Transportation Holdings Inc. to post EPS of 5.38 for the current fiscal year.
Knight-Swift Transportation Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 27. Shareholders of record on Friday, June 10 received a dividend of $0.12 per share. The ex-dividend date was Thursday, June 9. This represents an annualized dividend of $0.48 and a dividend yield of 0.94%. Knight-Swift Transportation’s dividend payout ratio is currently 8.97%.
Company Profile Knight-Swift Transportation
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Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico and Canada. The company operates through four segments: Trucking, Logistics, Less Than Truckload (LTL) and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage and cross-border transportation of various products, commodities and materials.
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