Dakota Wealth Management purchased a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,940 shares of the transportation company’s stock, valued at approximately $209,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators lifted its stake in Knight-Swift Transportation by 87.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after acquiring an additional 348 shares during the period. UMB Bank n.a. raised its holdings in Knight-Swift Transportation by 84.3% in the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after purchasing an additional 370 shares in the last quarter. GAMMA Investing LLC raised its holdings in Knight-Swift Transportation by 36.6% in the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after purchasing an additional 302 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Knight-Swift Transportation by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock worth $62,000 after purchasing an additional 292 shares in the last quarter. Finally, Quarry LP raised its holdings in Knight-Swift Transportation by 71.1% in the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock worth $65,000 after purchasing an additional 499 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.
Wall Street Analysts Forecast Growth
KNX has been the subject of a number of research reports. The Goldman Sachs Group increased their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Citigroup downgraded Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective for the company. in a report on Tuesday, November 12th. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley reduced their price target on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Finally, Stifel Nicolaus raised their price target on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.38.
Knight-Swift Transportation Price Performance
NYSE KNX opened at $57.22 on Monday. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $61.51. The stock has a 50-day moving average of $55.31 and a 200 day moving average of $53.48. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 78.38, a PEG ratio of 1.02 and a beta of 0.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. On average, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.11 EPS for the current year.
Knight-Swift Transportation Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.12%. Knight-Swift Transportation’s dividend payout ratio is currently 87.67%.
Insider Buying and Selling at Knight-Swift Transportation
In related news, Chairman Kevin P. Knight sold 29,779 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ploeg David Vander sold 500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the transaction, the director now owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.
Knight-Swift Transportation Company 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.
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