Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Purchased by Boston Partners

Boston Partners raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNXFree Report) by 248.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,724 shares of the transportation company’s stock after acquiring an additional 29,049 shares during the period. Boston Partners’ holdings in Knight-Swift Transportation were worth $2,042,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KNX. Steward Financial Group LLC purchased a new position in shares of Knight-Swift Transportation during the 2nd quarter worth approximately $27,000. DecisionPoint Financial LLC purchased a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth $36,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth $42,000. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth $44,000. Finally, Brown Brothers Harriman & Co. raised its stake in Knight-Swift Transportation by 543.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company’s stock worth $47,000 after acquiring an additional 793 shares in the last quarter. Institutional investors and hedge funds own 87.88% of the company’s stock.

Knight-Swift Transportation Stock Performance

NYSE:KNX opened at $60.12 on Wednesday. The firm has a 50 day simple moving average of $56.89 and a 200-day simple moving average of $54.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 1.02. The firm has a market cap of $9.70 billion, a PE ratio of 45.20, a P/E/G ratio of 1.55 and a beta of 1.01. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.73 and a 1-year high of $62.08.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Friday, March 8th will be given a dividend of $0.16 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $0.64 annualized dividend and a yield of 1.06%. Knight-Swift Transportation’s dividend payout ratio is 42.11%.

Insider Buying and Selling

In other news, EVP James L. Fitzsimmons sold 2,664 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $53.73, for a total value of $143,136.72. Following the completion of the sale, the executive vice president now owns 4,632 shares of the company’s stock, valued at $248,877.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP James L. Fitzsimmons sold 2,664 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $53.73, for a total value of $143,136.72. Following the completion of the transaction, the executive vice president now directly owns 4,632 shares in the company, valued at $248,877.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Sean Harrington sold 1,200 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $52.00, for a total transaction of $62,400.00. Following the completion of the transaction, the executive vice president now owns 5,278 shares of the company’s stock, valued at $274,456. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on KNX shares. TheStreet upgraded shares of Knight-Swift Transportation from a “c+” rating to a “b-” rating in a research note on Monday, December 4th. JPMorgan Chase & Co. upgraded shares of Knight-Swift Transportation from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $54.00 to $57.00 in a research note on Friday, October 20th. TD Cowen lifted their price objective on shares of Knight-Swift Transportation from $58.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. Susquehanna lifted their price objective on shares of Knight-Swift Transportation from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Finally, Morgan Stanley lifted their price objective on shares of Knight-Swift Transportation from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

Check Out Our Latest Stock Report on KNX

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 transportations services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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