Hantz Financial Services Inc. Raises Stock Holdings in Knight-Swift Transportation Holdings Inc. $KNX

Hantz Financial Services Inc. increased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 162.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,649 shares of the transportation company’s stock after acquiring an additional 8,458 shares during the period. Hantz Financial Services Inc.’s holdings in Knight-Swift Transportation were worth $714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in shares of Knight-Swift Transportation by 44.4% during the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after buying an additional 267 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Knight-Swift Transportation by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock valued at $2,091,000 after buying an additional 306 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Knight-Swift Transportation by 54.2% during the 4th quarter. Farther Finance Advisors LLC now owns 956 shares of the transportation company’s stock valued at $50,000 after buying an additional 336 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Knight-Swift Transportation by 2.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 13,081 shares of the transportation company’s stock valued at $519,000 after buying an additional 343 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Knight-Swift Transportation by 20.4% during the 4th quarter. GAMMA Investing LLC now owns 2,495 shares of the transportation company’s stock valued at $130,000 after buying an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Price Performance

NYSE:KNX opened at $75.12 on Friday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $38.63 and a 52 week high of $75.66. 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 stock has a market capitalization of $12.21 billion, a PE ratio of 357.73 and a beta of 1.15. The stock’s 50-day moving average price is $62.81 and its 200-day moving average price is $57.14.

Knight-Swift Transportation (NYSE:KNX) last posted its 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 business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the business earned $0.28 earnings per share. Knight-Swift Transportation’s revenue was up 1.4% on a year-over-year basis. As a group, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.12 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, June 8th. Knight-Swift Transportation’s payout ratio is presently 380.95%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KNX. Susquehanna lifted their price objective on Knight-Swift Transportation from $60.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Weiss Ratings upgraded Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 15th. Barclays lifted their price objective on Knight-Swift Transportation from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Benchmark lifted their price objective on Knight-Swift Transportation from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Robert W. Baird raised their target price on Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.71.

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.