Hudson Edge Investment Partners Inc. Buys 6,256 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Hudson Edge Investment Partners Inc. grew its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 60.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,667 shares of the transportation company's stock after acquiring an additional 6,256 shares during the quarter. Hudson Edge Investment Partners Inc.'s holdings in Knight-Swift Transportation were worth $884,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Arcadia Investment Management Corp MI grew its stake in Knight-Swift Transportation by 167.2% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after acquiring an additional 836 shares during the period. Concurrent Investment Advisors LLC boosted its stake in Knight-Swift Transportation by 4.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company's stock worth $281,000 after buying an additional 235 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Knight-Swift Transportation by 0.9% during the 4th quarter. New York State Common Retirement Fund now owns 190,884 shares of the transportation company's stock valued at $10,124,000 after acquiring an additional 1,756 shares during the last quarter. Peregrine Capital Management LLC grew its holdings in Knight-Swift Transportation by 1.6% in the fourth quarter. Peregrine Capital Management LLC now owns 177,112 shares of the transportation company's stock valued at $9,394,000 after purchasing an additional 2,837 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of Knight-Swift Transportation by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,924 shares of the transportation company's stock worth $261,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Price Performance

NYSE:KNX traded down $0.41 during midday trading on Wednesday, hitting $49.79. 2,288,900 shares of the stock were exchanged, compared to its average volume of 2,318,304. The business has a 50-day moving average price of $54.44 and a two-hundred day moving average price of $54.07. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $61.51. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 68.21 and a beta of 0.99. 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 (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's dividend payout ratio (DPR) is 98.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Raymond James increased their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Bank of America increased their price target on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Susquehanna upgraded Knight-Swift Transportation from a "neutral" rating to a "positive" rating and upped their price objective for the company from $48.00 to $67.00 in a research note on Friday, January 3rd. Citigroup downgraded Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 target price on the stock. in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group upped their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.38.

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.