Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Position Lifted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) by 16.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,625 shares of the transportation company’s stock after purchasing an additional 1,792 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Knight-Swift Transportation were worth $662,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp increased its position in shares of Knight-Swift Transportation by 42.4% during the 4th quarter. Fifth Third Bancorp now owns 594 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 177 shares during the period. Intech Investment Management LLC lifted its holdings in Knight-Swift Transportation by 2.5% in the 3rd quarter. Intech Investment Management LLC now owns 8,243 shares of the transportation company’s stock valued at $403,000 after acquiring an additional 199 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Knight-Swift Transportation by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 22,490 shares of the transportation company’s stock valued at $1,178,000 after purchasing an additional 205 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Knight-Swift Transportation by 1.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 16,016 shares of the transportation company’s stock worth $839,000 after purchasing an additional 206 shares during the last quarter. Finally, Wright Investors Service Inc. raised its holdings in shares of Knight-Swift Transportation by 2.9% in the 4th quarter. Wright Investors Service Inc. now owns 7,773 shares of the transportation company’s stock worth $407,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 89.95% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $55.25 on Wednesday. Knight-Swift Transportation Holdings Inc. has a one year low of $43.53 and a one year high of $64.35. The business’s 50-day moving average price is $55.77 and its two-hundred day moving average price is $55.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.59 and a quick ratio of 1.59. The company has a market capitalization of $8.90 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.15.

Knight-Swift Transportation (NYSE:KNX – Get Rating) last announced its quarterly earnings results on Thursday, April 20th. The transportation company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.10). Knight-Swift Transportation had a return on equity of 10.42% and a net margin of 9.22%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm earned $1.35 EPS. Knight-Swift Transportation’s quarterly revenue was down 10.4% on a year-over-year basis. Analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 3.32 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 27th. Shareholders of record on Friday, June 9th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, June 8th. Knight-Swift Transportation’s dividend payout ratio is 13.59%.

Insider Buying and Selling

In other Knight-Swift Transportation news, VP Dustin Ohlman sold 1,300 shares of the stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $56.10, for a total value of $72,930.00. Following the completion of the sale, the vice president now directly owns 137 shares of the company’s stock, valued at approximately $7,685.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Timothy Sean Harrington sold 1,700 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $56.98, for a total value of $96,866.00. Following the completion of the transaction, the executive vice president now directly owns 4,582 shares of the company’s stock, valued at $261,082.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Dustin Ohlman sold 1,300 shares of Knight-Swift Transportation stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $56.10, for a total transaction of $72,930.00. Following the sale, the vice president now owns 137 shares in the company, valued at approximately $7,685.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,139 shares of company stock valued at $3,799,422. Insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KNX. Wells Fargo & Company lifted their price target on shares of Knight-Swift Transportation from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, January 27th. Stifel Nicolaus dropped their price target on Knight-Swift Transportation from $71.00 to $66.00 and set a “buy” rating on the stock in a research note on Wednesday, March 22nd. Stephens restated an “overweight” rating and set a $70.00 price objective on shares of Knight-Swift Transportation in a report on Friday, April 21st. Barclays raised their target price on shares of Knight-Swift Transportation from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, February 6th. Finally, Bank of America cut their price target on shares of Knight-Swift Transportation from $70.00 to $67.00 and set a “buy” rating on the stock 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 given a buy rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.35.

Knight-Swift Transportation Company Profile

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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.