Kodai Capital Management LP Purchases Shares of 190,231 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Kodai Capital Management LP purchased a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 190,231 shares of the transportation company’s stock, valued at approximately $10,967,000.

A number of other large investors have also recently bought and sold shares of KNX. Vanguard Group Inc. lifted its stake in shares of Knight-Swift Transportation by 0.4% during the third quarter. Vanguard Group Inc. now owns 14,964,291 shares of the transportation company’s stock valued at $750,459,000 after acquiring an additional 54,133 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Knight-Swift Transportation by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,058,952 shares of the transportation company’s stock worth $61,049,000 after purchasing an additional 35,549 shares in the last quarter. Alberta Investment Management Corp bought a new stake in Knight-Swift Transportation during the fourth quarter worth $2,240,000. Nordea Investment Management AB raised its position in Knight-Swift Transportation by 4.5% during the third quarter. Nordea Investment Management AB now owns 1,251,000 shares of the transportation company’s stock worth $62,950,000 after acquiring an additional 54,076 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Knight-Swift Transportation by 22.6% in the third quarter. Envestnet Asset Management Inc. now owns 205,951 shares of the transportation company’s stock valued at $10,328,000 after purchasing an additional 37,934 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KNX has been the topic of several research reports. Susquehanna decreased their price target on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. JPMorgan Chase & Co. decreased their price target on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Barclays decreased their price target on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Robert W. Baird cut their price objective on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, Bank of America cut their price objective on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and a consensus price target of $57.38.

Knight-Swift Transportation Trading Down 2.4 %

Shares of KNX stock traded down $1.15 during trading hours on Tuesday, hitting $47.55. 1,823,009 shares of the company were exchanged, compared to its average volume of 2,164,993. The company has a 50 day simple moving average of $49.62 and a two-hundred day simple moving average of $53.92. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $7.68 billion, a P/E ratio of 71.88, a P/E/G ratio of 1.22 and a beta of 0.98.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07). Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.26 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.35%. The ex-dividend date is Monday, June 10th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.