The Vanguard Group, Inc. has recently announced that it has increased stake in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 0.42%. After grabbing 14.73 million shares, the institutional investor is now in possession of 62031.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 9.13% having worth around $849.39 million. Moreover, BlackRock Fund Advisors increased its share by 27613.0 to have a control over 13.71 million shares. And Wellington Management Co. LLP raised its holdings to 1.79 million shares by acquiring 13.58 million shares or 8.41% of the stake.
Knight-Swift Transportation Holdings Inc (KNX) concluded trading on Wednesday at a closing price of $56.98, with 3.16 million shares of worth about $179.77 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.38% during that period and On Wednesday, January 24 the price saw a loss of about -0.11%. Currently the company’s common shares owned by public are about 160.71M shares, out of which, 156.24M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 222 times over the past 12 months. They bought 726,142 shares in 109 of the transactions. In 113 selling transactions, insiders dumped 538,630 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Windsor Funds – Vanguard are the top 3 mutual funds which are holding stakes in Knight-Swift Transportation Holdings Inc iShares Core S&P Mid Cap ETF is currently holding 4.9 million shares of worth totaling $282.52 million. The company recently came buying 4430.0 shares which brought its stake up to 3.04% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 4000.0 shares, after which its hold over company’s outstanding shares expand to 2.98%, leaving 4.81 million shares with the mutual fund that have a worth of about $277.4 million. Vanguard Windsor Funds – Vanguard, after selling 3.99 million shares, have now control over 2.48% of the stake in the company. It holds 51068.0 shares of worth $230.27 million.
However, the stock later moved at a day high price of 57.86, or with a loss of -0.11%. Stock saw a price change of 6.35% in past 5 days and over the past one month there was a price change of -3.06%. Year-to-date (YTD), KNX shares are showing a performance of -1.16% which decreased to -0.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $45.73 but also hit the highest price of $64.35 during that period. The average intraday trading volume for Knight-Swift Transportation Holdings Inc shares is 1.89 million. The stock is currently trading 0.86% above its 20-day simple moving average (SMA20), while that difference is up 3.23% for SMA50 and it goes to 4.30% higher than SMA200.
The Vanguard Group, Inc. acquired 14.73 million shares of Knight-Swift Transportation Holdings Inc having value of about $849.39 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 62031.0 shares in the company valued at close to $3534526.38, or have control over 0.42% stake in the company. Knight-Swift Transportation Holdings Inc (NYSE: KNX) currently have 160.71M outstanding shares and institutions hold larger chunk of about 88.12% of that. Holding of mutual funds in the company is about 49.73% while other institutional holders and individual stake holders have control over 9.20% and 38.81% of the stake respectively.
The stock has a current market capitalization of $9.19B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 24.49, while it has posted earnings per share of $2.33 in the same period. Its PEG reads 6.80 and has Quick Ratio of 1.02 while making debt-to-equity ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KNX, volatility over the week remained 2.57% while standing at 2.07% over the month.
Analysts are in expectations that Knight-Swift Transportation Holdings Inc (KNX) stock would likely to be making an EPS of $Knight-Swift Transportation Hol in the current quarter, while forecast for next quarter EPS is $56.98 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Knife Riv Holding Co. which is $CNX Resources Corporation at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $TD SYNNEX Corporation in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 61.47% while it is estimated to increase by 47.18% in next year. EPS is likely to grow at an annualized rate of 3.60% for next 5-years, compared to annual growth of 1.74% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on November 29, 2023 offering an Outperform rating for the stock and assigned a target price range of between $58 and $61 to it.
