Envestnet Asset Management Inc. raised its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) by 1.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 180,209 shares of the transportation company’s stock after buying an additional 2,259 shares during the period. Envestnet Asset Management Inc.’s holdings in Knight-Swift Transportation were worth $9,445,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Kistler Tiffany Companies LLC bought a new position in Knight-Swift Transportation in the third quarter worth approximately $26,000. Fifth Third Bancorp raised its holdings in shares of Knight-Swift Transportation by 42.4% in the fourth quarter. Fifth Third Bancorp now owns 594 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 177 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Knight-Swift Transportation by 543.2% in the first quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company’s stock worth $47,000 after acquiring an additional 793 shares during the period. Ronald Blue Trust Inc. grew its holdings in Knight-Swift Transportation by 159.2% during the 4th quarter. Ronald Blue Trust Inc. now owns 1,488 shares of the transportation company’s stock worth $72,000 after acquiring an additional 914 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its position in Knight-Swift Transportation by 46.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,502 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 476 shares during the period. 89.95% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on KNX shares. Susquehanna lifted their price objective on shares of Knight-Swift Transportation from $56.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, April 21st. TD Cowen decreased their price target on shares of Knight-Swift Transportation from $70.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday, April 21st. Bank of America decreased their target price on shares of Knight-Swift Transportation from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, April 21st. StockNews.com assumed coverage on Knight-Swift Transportation in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Stephens reaffirmed an “overweight” rating and issued a $70.00 price target on shares of Knight-Swift Transportation in a report on Friday, April 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.06.
Insider Buying and Selling
Knight-Swift Transportation Price Performance
Shares of NYSE:KNX opened at $57.13 on Friday. Knight-Swift Transportation Holdings Inc. has a one year low of $42.50 and a one year high of $64.35. The company has a 50-day simple moving average of $55.97 and a 200-day simple moving average of $55.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market capitalization of $9.19 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.15 and a beta of 1.15.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last announced its quarterly earnings data on Thursday, April 20th. The transportation company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.10). Knight-Swift Transportation had a net margin of 9.22% and a return on equity of 10.42%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the business earned $1.35 EPS. Knight-Swift Transportation’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, analysts predict that Knight-Swift Transportation Holdings Inc. will post 3.32 EPS for the current year.
Knight-Swift Transportation Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 27th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, June 8th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 13.59%.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings, Inc engages in the provision of multiple truckload transportation and logistics services. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment comprises irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.
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