Jupiter Asset Management Ltd. Buys New Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Jupiter Asset Management Ltd. purchased a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 54,660 shares of the transportation company’s stock, valued at approximately $3,037,000.

Several other large investors have also recently bought and sold shares of KNX. Raymond James & Associates raised its holdings in Knight-Swift Transportation by 22.1% in the 1st quarter. Raymond James & Associates now owns 76,395 shares of the transportation company’s stock valued at $3,855,000 after acquiring an additional 13,808 shares during the period. US Bancorp DE raised its holdings in Knight-Swift Transportation by 57.6% in the 1st quarter. US Bancorp DE now owns 14,450 shares of the transportation company’s stock valued at $729,000 after acquiring an additional 5,283 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Knight-Swift Transportation by 23.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,997 shares of the transportation company’s stock valued at $706,000 after acquiring an additional 2,677 shares during the period. Great West Life Assurance Co. Can raised its holdings in Knight-Swift Transportation by 3.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 211,351 shares of the transportation company’s stock valued at $11,126,000 after acquiring an additional 7,824 shares during the period. Finally, Sei Investments Co. raised its holdings in Knight-Swift Transportation by 6.7% in the 1st quarter. Sei Investments Co. now owns 141,380 shares of the transportation company’s stock valued at $7,135,000 after acquiring an additional 8,923 shares during the period. 87.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KNX has been the topic of several recent research reports. Susquehanna lowered their target price on shares of Knight-Swift Transportation from $51.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, October 3rd. StockNews.com initiated coverage on shares of Knight-Swift Transportation in a report on Thursday, October 5th. They set a “sell” rating on the stock. JPMorgan Chase & Co. raised shares of Knight-Swift Transportation from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $54.00 to $57.00 in a report on Friday, October 20th. TheStreet cut shares of Knight-Swift Transportation from a “b-” rating to a “c+” rating in a report on Wednesday, October 18th. Finally, Raymond James raised their target price on shares of Knight-Swift Transportation from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.19.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $51.48 on Friday. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.73 and a fifty-two week high of $64.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $8.31 billion, a P/E ratio of 22.19, a P/E/G ratio of 1.65 and a beta of 1.19. The company’s 50 day moving average price is $50.18 and its two-hundred day moving average price is $54.12.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Thursday, October 19th. The transportation company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Knight-Swift Transportation had a net margin of 5.41% and a return on equity of 6.03%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business posted $1.27 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.09 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a $0.14 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.09%. Knight-Swift Transportation’s dividend payout ratio is currently 24.14%.

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 transportations services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.