Proficio Capital Partners LLC Invests $749,000 in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Proficio Capital Partners LLC bought a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 14,126 shares of the transportation company's stock, valued at approximately $749,000.

Several other institutional investors and hedge funds have also bought and sold shares of KNX. Atria Investments Inc raised its holdings in shares of Knight-Swift Transportation by 11.5% during the fourth quarter. Atria Investments Inc now owns 41,765 shares of the transportation company's stock valued at $2,215,000 after purchasing an additional 4,318 shares during the period. Assetmark Inc. increased its position in Knight-Swift Transportation by 10.4% in the 4th quarter. Assetmark Inc. now owns 17,355 shares of the transportation company's stock valued at $921,000 after buying an additional 1,631 shares in the last quarter. Victory Capital Management Inc. raised its stake in Knight-Swift Transportation by 6.8% during the 4th quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company's stock worth $423,265,000 after buying an additional 506,491 shares during the period. Keybank National Association OH boosted its holdings in Knight-Swift Transportation by 10.3% in the fourth quarter. Keybank National Association OH now owns 4,104 shares of the transportation company's stock worth $218,000 after acquiring an additional 383 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Knight-Swift Transportation by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock valued at $62,340,000 after acquiring an additional 28,387 shares during the period. 88.77% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of brokerages recently issued reports on KNX. TD Cowen increased their target price on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Raymond James lifted their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a "strong-buy" rating in a report on Thursday, January 23rd. Susquehanna upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "positive" rating and upped their target price for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Benchmark initiated coverage on Knight-Swift Transportation in a research note on Tuesday, March 4th. They set a "buy" rating and a $63.00 price target for the company. Finally, StockNews.com raised Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $59.41.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $45.37 per share, with a total value of $226,850.00. Following the acquisition, the director now directly owns 5,000 shares of the company's stock, valued at $226,850. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company's stock.

Knight-Swift Transportation Stock Performance

KNX stock traded down $0.62 during mid-day trading on Tuesday, hitting $44.36. The company had a trading volume of 3,192,133 shares, compared to its average volume of 2,156,228. Knight-Swift Transportation Holdings Inc. has a 12 month low of $42.72 and a 12 month high of $61.51. The stock's fifty day moving average price is $51.90 and its two-hundred day moving average price is $53.29. The firm has a market cap of $7.19 billion, a PE ratio of 60.77 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating 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, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be paid a $0.18 dividend. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation's payout ratio is currently 98.63%.

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.