Dimensional Fund Advisors LP Has $487 Million Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Dimensional Fund Advisors LP boosted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 0.7% in the first quarter, Holdings Channel reports. The firm owned 8,458,088 shares of the transportation company’s stock after acquiring an additional 60,750 shares during the period. Dimensional Fund Advisors LP owned about 0.05% of Knight-Swift Transportation worth $486,995,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Knight-Swift Transportation by 123.9% in the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 301 shares during the period. Clearstead Advisors LLC grew its stake in shares of Knight-Swift Transportation by 134.6% in the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 385 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 828 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth about $39,000. Finally, Fifth Third Bancorp grew its stake in Knight-Swift Transportation by 44.4% during the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after buying an additional 267 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Trading Down 1.4%

Shares of Knight-Swift Transportation stock opened at $75.59 on Tuesday. 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 business’s 50 day moving average is $74.79 and its 200-day moving average is $64.44. Knight-Swift Transportation Holdings Inc. has a 12-month low of $38.63 and a 12-month high of $82.86. The stock has a market cap of $12.28 billion, a P/E ratio of 359.99, a P/E/G ratio of 0.86 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business earned $0.28 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.21 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. Knight-Swift Transportation’s payout ratio is presently 380.95%.

Analyst Upgrades and Downgrades

KNX has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on Knight-Swift Transportation from $70.00 to $77.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Benchmark upped their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Knight-Swift Transportation in a research report on Monday, July 13th. Zacks Research raised Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Stephens upgraded shares of Knight-Swift Transportation to a “strong-buy” rating in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $80.44.

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.