Douglas L. Col Purchases 5,000 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) Director Douglas L. Col purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the purchase, the director now owns 5,000 shares of the company's stock, valued at approximately $226,850. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Knight-Swift Transportation Price Performance

NYSE KNX traded down $0.66 during midday trading on Tuesday, hitting $46.36. The company had a trading volume of 2,233,389 shares, compared to its average volume of 2,119,638. The company has a market capitalization of $7.51 billion, a PE ratio of 63.50 and a beta of 0.97. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $52.97 and a 200-day moving average price of $53.58. Knight-Swift Transportation Holdings Inc. has a twelve month low of $44.95 and a twelve month high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping analysts' consensus estimates 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 anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

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Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.55%. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's payout ratio is 98.63%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com upgraded Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Raymond James lifted their target price on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Benchmark assumed coverage on Knight-Swift Transportation in a research note on Tuesday, March 4th. They set a "buy" rating and a $63.00 target price for the company. TD Cowen lifted their target price on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, Bank of America lifted their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.41.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors have recently modified their holdings of KNX. Assetmark Inc. raised its holdings in shares of Knight-Swift Transportation by 12.3% during the 3rd quarter. Assetmark Inc. now owns 15,724 shares of the transportation company's stock worth $848,000 after buying an additional 1,718 shares in the last quarter. Atria Investments Inc grew its position in Knight-Swift Transportation by 2.1% during the 3rd quarter. Atria Investments Inc now owns 37,447 shares of the transportation company's stock worth $2,020,000 after acquiring an additional 779 shares during the last quarter. Venturi Wealth Management LLC grew its position in Knight-Swift Transportation by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock worth $62,000 after acquiring an additional 292 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Knight-Swift Transportation during the 3rd quarter worth $378,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Knight-Swift Transportation by 2.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,622 shares of the transportation company's stock worth $16,920,000 after acquiring an additional 8,283 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

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.