Dimensional Fund Advisors LP Increases Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Dimensional Fund Advisors LP boosted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,991,354 shares of the transportation company's stock after purchasing an additional 505,543 shares during the period. Dimensional Fund Advisors LP owned approximately 4.32% of Knight-Swift Transportation worth $370,819,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in shares of Knight-Swift Transportation by 6.8% in the 4th quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company's stock valued at $423,265,000 after acquiring an additional 506,491 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Knight-Swift Transportation by 3.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company's stock worth $221,541,000 after buying an additional 125,827 shares during the period. Franklin Resources Inc. increased its stake in shares of Knight-Swift Transportation by 36.8% during the fourth quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company's stock valued at $100,004,000 after buying an additional 507,370 shares during the period. Ceredex Value Advisors LLC raised its holdings in shares of Knight-Swift Transportation by 59.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,435,562 shares of the transportation company's stock valued at $76,142,000 after acquiring an additional 535,518 shares in the last quarter. Finally, Norges Bank purchased a new stake in Knight-Swift Transportation in the fourth quarter worth $65,839,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Director Douglas L. Col acquired 5,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the transaction, the director now directly owns 5,000 shares of the company's stock, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock traded down $1.00 on Friday, hitting $39.36. 1,183,197 shares of the company's stock were exchanged, compared to its average volume of 2,284,385. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The company has a 50-day simple moving average of $44.71 and a 200-day simple moving average of $51.40. 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 stock has a market capitalization of $6.38 billion, a PE ratio of 53.80 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. As a group, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a dividend of $0.18 per share. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.83%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 98.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KNX shares. JPMorgan Chase & Co. dropped their target price on Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating on the stock in a report on Thursday. Susquehanna cut their target price on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their price target on Knight-Swift Transportation from $55.00 to $46.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group reduced their price objective on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Raymond James lowered their target price on shares of Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 11th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and a consensus price target of $51.19.

Knight-Swift Transportation 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.