Knight-Swift Transportation Holdings Inc. (KNX)
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XFRA 
Here's Why You Should Avoid Knight-Swift (KNX) Stock Now
Knight-Swift (KNX) expects net cash capital expenditures for 2024 in the $625-$675 million band.
Vanguard Personalized Indexing Management LLC Reduces Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)
Vanguard Personalized Indexing Management LLC cut its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 15.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,030 shares of the transportation company’s stock after selling 3,533 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Knight-Swift Transportation were worth $1,155,000 as of its most recent SEC filing. Several other hedge funds have also recently added to or reduced their stakes in KNX. Vanguard Group Inc. lifted its position in shares of Knight-Swift Transportation by 0.4% in 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Knight-Swift Transportation by 3.5% during the 4th 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 during the last quarter. Nordea Investment Management AB grew its holdings in shares of 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 buying an additional 54,076 shares in the last quarter. Envestnet Asset Management Inc. raised its position 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 buying an additional 37,934 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Knight-Swift Transportation by 3,637.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 185,626 shares of the transportation company’s stock valued at $10,701,000 after buying an additional 180,659 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several analysts have commented on the stock. Raymond James began coverage on shares of Knight-Swift Transportation in a research note on Wednesday, May 15th. They issued a “strong-buy” rating and a $58.00 target price for the company. Robert W. Baird dropped their target price on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Stifel Nicolaus lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating and decreased their price target for the stock from $53.00 to $47.00 in a research note on Friday, April 26th. Barclays lowered their price target on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Loop Capital lowered shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $63.00 to $53.00 in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.38. Read Our Latest Stock Report on Knight-Swift Transportation Knight-Swift Transportation Stock Down 2.7 % Shares of Knight-Swift Transportation stock opened at $49.14 on Monday. The company has a fifty day moving average price of $51.06 and a 200 day moving average price of $54.17. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $60.99. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 73.34, a price-to-earnings-growth ratio of 2.59 and a beta of 1.03. Knight-Swift Transportation (NYSE:KNX – Get Free Report) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. Knight-Swift Transportation’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 EPS. Equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.26 earnings per share for the current fiscal year. Knight-Swift Transportation Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.30%. Knight-Swift Transportation’s dividend payout ratio is currently 95.52%. Insider Buying and Selling at Knight-Swift Transportation In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at approximately $287,836.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by corporate insiders. About Knight-Swift Transportation (Free Report) 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.
