Knight-Swift Transportation Holdings Inc. $KNX is Seven Six Capital Management LLC’s 7th Largest Position

Seven Six Capital Management LLC trimmed its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 6.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 104,500 shares of the transportation company’s stock after selling 7,450 shares during the period. Knight-Swift Transportation accounts for approximately 5.5% of Seven Six Capital Management LLC’s portfolio, making the stock its 7th largest position. Seven Six Capital Management LLC owned about 0.06% of Knight-Swift Transportation worth $5,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. raised its holdings in shares of Knight-Swift Transportation by 0.9% in the third quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock valued at $335,682,000 after buying an additional 76,342 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Knight-Swift Transportation by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,397,338 shares of the transportation company’s stock valued at $439,016,000 after buying an additional 129,651 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Knight-Swift Transportation by 7.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,676,422 shares of the transportation company’s stock valued at $244,250,000 after buying an additional 315,192 shares during the last quarter. Ensign Peak Advisors Inc raised its holdings in shares of Knight-Swift Transportation by 50.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock valued at $153,662,000 after buying an additional 984,422 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Knight-Swift Transportation by 44.3% in the fourth quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock valued at $127,087,000 after buying an additional 745,787 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on KNX. Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and set a $90.00 target price for the company in a report on Tuesday, June 2nd. UBS Group boosted their price target on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Benchmark boosted their price target on shares of Knight-Swift Transportation from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Robert W. Baird boosted their price target on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings upgraded shares of Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.81.

Knight-Swift Transportation Trading Down 2.5%

Shares of Knight-Swift Transportation stock opened at $77.26 on Wednesday. Knight-Swift Transportation Holdings Inc. has a 52-week low of $38.63 and a 52-week high of $82.86. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.26. The company’s 50-day simple moving average is $68.86 and its 200-day simple moving average is $60.37. The firm has a market cap of $12.55 billion, a price-to-earnings ratio of 367.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly 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). Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.14 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 380.95%.

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.