Grantham Mayo Van Otterloo & Co. LLC Invests $2.08 Million in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,243 shares of the transportation company's stock, valued at approximately $2,081,000.

A number of other large investors also recently added to or reduced their stakes in KNX. Stanley Laman Group Ltd. purchased a new stake in shares of Knight-Swift Transportation in the 4th quarter valued at $3,021,000. Jane Street Group LLC grew its position in Knight-Swift Transportation by 30.9% in the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company's stock valued at $3,771,000 after acquiring an additional 16,500 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Knight-Swift Transportation by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock worth $62,340,000 after purchasing an additional 28,387 shares during the period. Principal Financial Group Inc. lifted its position in shares of Knight-Swift Transportation by 21.5% during the third quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock worth $35,242,000 after purchasing an additional 115,447 shares in the last quarter. Finally, New England Research & Management Inc. boosted its stake in shares of Knight-Swift Transportation by 199.2% in the fourth quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company's stock valued at $1,571,000 after purchasing an additional 19,725 shares during the period. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Knight-Swift Transportation

In related news, Director Douglas L. Col purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price 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. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Stock Down 1.9 %

NYSE:KNX traded down $0.75 during midday trading on Friday, hitting $39.84. 4,224,230 shares of the company were exchanged, compared to its average volume of 2,308,348. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. 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 market capitalization of $6.45 billion, a PE ratio of 54.57 and a beta of 1.16. The company has a fifty day simple moving average of $47.45 and a 200 day simple moving average of $52.19.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share 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 issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.81%. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. Knight-Swift Transportation's payout ratio is presently 98.63%.

Analyst Ratings Changes

A number of research firms have issued reports on KNX. TD Cowen increased their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Susquehanna reduced their price objective on Knight-Swift Transportation from $67.00 to $54.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Wells Fargo & Company decreased their target price on Knight-Swift Transportation from $65.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. StockNews.com upgraded Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Barclays decreased their price objective on Knight-Swift Transportation from $68.00 to $62.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation has an average rating of "Moderate Buy" and an average target price of $55.94.

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.