NuWave Investment Management LLC Has $ 119,000 Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE: KNX)


NuWave Investment Management LLC lifted its stake in Knight-Swift Transportation Holdings Inc. (NYSE: KNX – Get Rating) by 412.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,351 shares of the transportation company stock after purchasing an additional 1,892 shares during the quarter. NuWave Investment Management LLC’s holdings in Knight-Swift Transportation were worth $ 119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of KNX. Bowling Portfolio Management LLC purchased a new stake in Knight-Swift Transportation during the first quarter valued at about $ 1,510,000. Nordea Investment Management AB lifted its position in shares of Knight-Swift Transportation by 1.6% in the 1st quarter. Nordea Investment Management AB now owns 1,110,092 shares of the transportation company stock valued at $ 57,092,000 after acquiring an additional 17,458 shares in the last quarter. DNB Asset Management AS boosted its stake in Knight-Swift Transportation by 4.5% in the 1st quarter. DNB Asset Management AS now owns 48,539 shares of the transportation company stock worth $ 2,449,000 after purchasing an additional 2,089 shares during the period. AAFMAA Wealth Management & Trust LLC grew its position in Knight-Swift Transportation by 4.8% during the 1st quarter. AAFMAA Wealth Management & Trust LLC now owns 71,192 shares of the transportation company stock worth $ 3,592,000 after purchasing an additional 3,230 shares in the last quarter. Finally, Psagot Value Holdings Ltd. Israel purchased a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at $ 82,000. 86.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Knight-Swift Transportation stock opened at $ 45.68 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $ 7.47 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.56 and a beta of 1.23. The firm has a fifty day moving average price of $ 47.53 and a two-hundred day moving average price of $ 52.53. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $ 42.50 and a fifty-two week high of $ 62.29.

Knight-Swift Transportation (NYSE: KNX – Get Rating) last released its earnings results on Wednesday, April 20th. The transportation company reported $ 1.35 earnings per share for the quarter, beating the consensus estimate of $ 1.26 by $ 0.09. Knight-Swift Transportation had a net margin of 12.45% and a return on equity of 13.69%. The business had revenue of $ 1.83 billion during the quarter, compared to analysts’ expectations of $ 1.76 billion. During the same quarter last year, the company earned $ 0.83 earnings per share. The firm’s revenue was up 49.4% on a year-over-year basis. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 5.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 27th. Stockholders of record on Friday, June 10th will be given a dividend of $ 0.12 per share. This represents a $ 0.48 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Thursday, June 9th. Knight-Swift Transportation’s dividend payout ratio is presently 9.76%.

Several research analysts recently weighed in on KNX shares. Susquehanna Bancshares raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and upped their price target for the company from $ 62.00 to $ 69.00 in a research report on Friday, March 4th. Cowen boosted their price objective on shares of Knight-Swift Transportation from $ 54.00 to $ 55.00 and gave the company an “outperform” rating in a research report on Thursday, April 21st. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their target price for the stock from $ 62.00 to $ 69.00 in a research report on Friday, March 4th. StockNews.com assumed coverage on shares of Knight-Swift Transportation in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. cut their price objective on Knight-Swift Transportation from $ 54.00 to $ 52.00 and set an “underweight” rating for the company in a report on Friday, April 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $ 64.18.

Knight-Swift Transportation Company Profile (Get Rating)

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, goods, and materials.

Further Reading

Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE: KNX)



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