Fiera Capital Corp Acquires 120,721 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Fiera Capital Corp raised its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 33.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 486,335 shares of the transportation company’s stock after acquiring an additional 120,721 shares during the quarter. Fiera Capital Corp’s holdings in Knight-Swift Transportation were worth $25,426,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Victory Capital Management Inc. grew its stake 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 in the last quarter. William Blair Investment Management LLC grew its stake in shares of Knight-Swift Transportation by 8,184.6% in the third quarter. William Blair Investment Management LLC now owns 509,919 shares of the transportation company’s stock valued at $20,147,000 after buying an additional 503,764 shares in the last quarter. AXQ Capital LP bought a new position in shares of Knight-Swift Transportation in the third quarter valued at $913,000. Strs Ohio grew its stake in shares of Knight-Swift Transportation by 24.7% in the fourth quarter. Strs Ohio now owns 448,471 shares of the transportation company’s stock valued at $23,446,000 after buying an additional 88,707 shares in the last quarter. Finally, Primecap Management Co. CA grew its stake in shares of Knight-Swift Transportation by 32.3% in the third quarter. Primecap Management Co. CA now owns 858,177 shares of the transportation company’s stock valued at $33,907,000 after buying an additional 209,300 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Stock Up 2.6%

KNX opened at $80.61 on Tuesday. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $38.63 and a fifty-two week high of $80.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $13.10 billion, a P/E ratio of 383.86, a P/E/G ratio of 1.00 and a beta of 1.18. The stock has a fifty day moving average of $66.13 and a 200-day moving average of $58.84.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share 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 period in the prior year, the business posted $0.28 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.14 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on KNX. Evercore raised shares of Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Friday, March 27th. UBS Group raised their target price on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Citigroup raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Friday, March 13th. 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 research note on Tuesday, June 2nd. Finally, TD Cowen raised their target price on shares of Knight-Swift Transportation from $60.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.19.

Knight-Swift Transportation Company Profile

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.