Hantz Financial Services Inc. Buys 8,995 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Hantz Financial Services Inc. grew its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 42.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,162 shares of the transportation company's stock after purchasing an additional 8,995 shares during the period. Hantz Financial Services Inc.'s holdings in Knight-Swift Transportation were worth $1,600,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Knight-Swift Transportation in the third quarter worth about $3,729,000. Charles Schwab Investment Management Inc. increased its holdings in Knight-Swift Transportation by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company's stock worth $61,878,000 after acquiring an additional 26,346 shares during the period. Jane Street Group LLC lifted its stake 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 worth $3,771,000 after purchasing an additional 16,500 shares in the last quarter. Paloma Partners Management Co boosted its holdings in Knight-Swift Transportation by 681.6% in the 3rd quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company's stock valued at $3,237,000 after purchasing an additional 52,323 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Knight-Swift Transportation by 116.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company's stock valued at $7,056,000 after purchasing an additional 70,276 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Trading Up 1.2 %

Knight-Swift Transportation stock traded up $0.70 during mid-day trading on Tuesday, hitting $56.43. The company's stock had a trading volume of 1,933,040 shares, compared to its average volume of 2,261,988. The business has a 50 day moving average price of $55.42 and a 200-day moving average price of $53.82. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $61.51. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 77.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued 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, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Friday, December 6th. Knight-Swift Transportation's payout ratio is 87.67%.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Ploeg David Vander sold 500 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the transaction, the director now owns 30,729 shares of the company's stock, valued at $1,754,625.90. This represents a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Kevin P. Knight sold 29,779 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KNX has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, October 24th. Raymond James raised their price target 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. TD Cowen boosted their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Barclays raised their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus boosted their price target on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

About Knight-Swift Transportation

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.