Chesapeake Capital Corp IL Takes $387,000 Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Chesapeake Capital Corp IL acquired 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 filing with the SEC. The firm acquired 7,302 shares of the transportation company's stock, valued at approximately $387,000.

Several other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its stake in shares of 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 purchasing an additional 322 shares in the last quarter. UMB Bank n.a. increased its holdings in 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 buying an additional 370 shares during the period. Quarry LP raised its stake in shares of Knight-Swift Transportation by 71.1% in the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company's stock valued at $65,000 after buying an additional 499 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Knight-Swift Transportation by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock worth $67,000 after acquiring an additional 213 shares during the period. Finally, GAMMA Investing LLC boosted its position 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 valued at $71,000 after acquiring an additional 208 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

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Knight-Swift Transportation Price Performance

Shares of KNX stock traded down $0.14 during trading hours on Friday, reaching $44.39. 6,247,434 shares of the company were exchanged, compared to its average volume of 2,150,197. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $42.72 and a fifty-two week high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The stock's fifty day moving average is $52.30 and its two-hundred day moving average is $53.37. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 60.81 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Sell-side 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 declared 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. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.62%. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 98.63%.

Wall Street Analysts Forecast Growth

KNX has been the subject of several recent research reports. Benchmark started coverage on shares of Knight-Swift Transportation in a research report on Tuesday, March 4th. They issued a "buy" rating and a $63.00 price target for the company. StockNews.com raised Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Susquehanna raised Knight-Swift Transportation from a "neutral" rating to a "positive" rating and boosted their price target for the company from $48.00 to $67.00 in a research note on Friday, January 3rd. The Goldman Sachs Group upped their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Finally, Raymond James lifted their price objective on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a "strong-buy" rating in a report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.41.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company's stock, valued at approximately $226,850. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.