Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,080 shares of the transportation company's stock after acquiring an additional 20,183 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of Knight-Swift Transportation worth $6,316,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its holdings in shares of Knight-Swift Transportation by 88.7% during 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 in the last quarter. UMB Bank n.a. grew its position in Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock worth $43,000 after purchasing an additional 370 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in 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 valued at $67,000 after purchasing an additional 213 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Knight-Swift Transportation by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after buying an additional 208 shares during the last quarter. Finally, Arcadia Investment Management Corp MI lifted its stake in shares of Knight-Swift Transportation by 167.2% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after buying an additional 836 shares during the period. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX traded down $1.42 during trading on Friday, hitting $38.94. The company had a trading volume of 1,822,368 shares, compared to its average volume of 2,286,997. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. 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 fifty day simple moving average of $44.71 and a two-hundred day simple moving average of $51.40. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 53.22 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. On average, 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.85%. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. Knight-Swift Transportation's dividend payout ratio (DPR) is 98.63%.

Insider Transactions at Knight-Swift Transportation

In related news, Director Douglas L. Col bought 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $226,850. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KNX. Susquehanna cut their price objective on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating on the stock in a report on Thursday. Evercore ISI dropped their price objective on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a report on Thursday. Wells Fargo & Company reduced their target price on shares of Knight-Swift Transportation from $55.00 to $46.00 and set an "overweight" rating for the company in a report on Thursday. Stifel Nicolaus lowered their price target on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, TD Cowen reduced their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Knight-Swift Transportation currently has an average 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.