Louisiana State Employees Retirement System Buys New Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Louisiana State Employees Retirement System bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,300 shares of the transportation company’s stock, valued at approximately $2,612,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its stake in shares of Knight-Swift Transportation by 136.5% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after buying an additional 385 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of Knight-Swift Transportation in the third quarter valued at $42,000. Blue Trust Inc. grew its stake in shares of Knight-Swift Transportation by 80.3% in the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after buying an additional 326 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Knight-Swift Transportation by 543.2% in the first quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company’s stock valued at $47,000 after buying an additional 793 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Knight-Swift Transportation by 25.0% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 200 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Insider Activity 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 dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total value of $112,480.00. Following the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at $287,836.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Stock Down 0.5 %

KNX stock opened at $50.75 on Tuesday. The company has a market cap of $8.20 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 1.44 and a beta of 0.99. The business has a 50-day simple moving average of $55.49 and a 200 day simple moving average of $54.27. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.73 and a 52 week high of $60.99. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, January 24th. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.38). The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. Sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.35 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. Knight-Swift Transportation’s payout ratio is 48.12%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays cut their price target on Knight-Swift Transportation from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, April 1st. Susquehanna cut their price target on Knight-Swift Transportation from $62.00 to $59.00 and set a “neutral” rating for the company in a report on Monday, March 25th. JPMorgan Chase & Co. cut their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Finally, Stifel Nicolaus raised their price target on Knight-Swift Transportation from $54.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and an average target price of $62.75.

Knight-Swift Transportation Profile

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.