22,749 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 22,749 shares of the transportation company's stock, valued at approximately $1,207,000.

Several other hedge funds have also made changes to their positions in KNX. Parkside Financial Bank & Trust lifted its holdings in Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock valued at $36,000 after acquiring an additional 322 shares during the last quarter. UMB Bank n.a. raised its position 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 valued at $43,000 after purchasing an additional 370 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock valued at $67,000 after purchasing an additional 213 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after purchasing an additional 208 shares during the period. Finally, Arcadia Investment Management Corp MI increased its position in shares of Knight-Swift Transportation by 167.2% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after purchasing an additional 836 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Trading Up 0.9 %

NYSE KNX opened at $38.97 on Wednesday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51. The firm has a 50 day moving average of $45.28 and a two-hundred day moving average of $51.56. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $6.31 billion, a PE ratio of 53.38 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. As a group, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's dividend payout ratio (DPR) is 98.63%.

Analysts Set New Price Targets

Several research analysts have weighed in on KNX shares. Stifel Nicolaus lowered their target price on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Susquehanna dropped their target price on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a "positive" rating for the company in a report on Wednesday, March 26th. Benchmark restated a "buy" rating and set a $63.00 price target on shares of Knight-Swift Transportation in a research report on Monday, April 14th. Raymond James cut their price objective on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating on the stock in a report on Friday, April 11th. Finally, Barclays lowered their target price on Knight-Swift Transportation from $68.00 to $62.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $55.13.

Insider Buying and Selling

In related news, Director Douglas L. Col acquired 5,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

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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