Stanley Laman Group Ltd. Takes $3.02 Million Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Stanley Laman Group Ltd. purchased a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 56,963 shares of the transportation company's stock, valued at approximately $3,021,000.

Other institutional investors have also recently modified their holdings of the company. Deseret Mutual Benefit Administrators lifted its holdings 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 valued at $40,000 after acquiring an additional 348 shares during the period. UMB Bank n.a. increased its holdings in shares of Knight-Swift Transportation by 84.3% in the 4th 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 in the last quarter. GAMMA Investing LLC lifted its stake in shares of Knight-Swift Transportation by 36.6% in the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company's stock valued at $61,000 after purchasing an additional 302 shares during the period. Venturi Wealth Management LLC boosted its holdings in Knight-Swift Transportation by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock worth $62,000 after buying an additional 292 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Knight-Swift Transportation by 71.1% during the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company's stock worth $65,000 after acquiring an additional 499 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

Shares of KNX stock traded down $0.26 during mid-day trading on Monday, hitting $54.20. 2,401,463 shares of the stock traded hands, compared to its average volume of 2,235,910. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The company's 50-day simple moving average is $54.88 and its 200-day simple moving average is $54.04. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 74.24 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. As a group, equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current 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 issued a $0.18 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.33%. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's dividend payout ratio is currently 87.67%.

Analysts Set New Price Targets

KNX has been the topic of several recent research reports. Raymond James boosted their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Citigroup downgraded Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 price target for the company. in a research report on Tuesday, November 12th. The Goldman Sachs Group boosted their price objective on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Bank of America lifted their target price on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Finally, Susquehanna raised 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 research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.38.

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.