Avior Wealth Management LLC Purchases Shares of 2,610 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Avior Wealth Management LLC purchased a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,610 shares of the transportation company’s stock, valued at approximately $150,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Knight-Swift Transportation by 8.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the transportation company’s stock valued at $131,000 after acquiring an additional 190 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Knight-Swift Transportation by 25.0% in 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 acquiring an additional 200 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Knight-Swift Transportation by 2.9% during the 4th quarter. Arkadios Wealth Advisors now owns 7,215 shares of the transportation company’s stock valued at $416,000 after buying an additional 205 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Knight-Swift Transportation by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 7,542 shares of the transportation company’s stock valued at $378,000 after buying an additional 207 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in shares of Knight-Swift Transportation by 2.6% during the 3rd quarter. Fiera Capital Corp now owns 8,725 shares of the transportation company’s stock valued at $438,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Price Performance

Shares of KNX stock opened at $48.14 on Friday. The firm has a market cap of $7.77 billion, a P/E ratio of 36.20, a P/E/G ratio of 1.46 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.73 and a fifty-two week high of $60.99. The business’s 50 day moving average price is $54.60 and its 200-day moving average price is $54.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.38). The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.92 billion. Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. On average, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.93 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, March 7th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 1.33%. Knight-Swift Transportation’s payout ratio is currently 48.12%.

Insider Activity at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at $287,836.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KNX shares. Stifel Nicolaus decreased their price objective on Knight-Swift Transportation from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday. Loop Capital cut Knight-Swift Transportation from a “buy” rating to a “hold” rating and decreased their price objective for the company from $63.00 to $53.00 in a report on Thursday. Bank of America decreased their price objective on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their price objective on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Finally, Barclays decreased their price objective on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.77.

About Knight-Swift Transportation

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.