Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 8.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,241,222 shares of the transportation company's stock after acquiring an additional 92,259 shares during the period. American Century Companies Inc. owned about 0.77% of Knight-Swift Transportation worth $65,835,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in KNX. Charles Schwab Investment Management Inc. raised its position in Knight-Swift Transportation by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company's stock valued at $61,878,000 after purchasing an additional 26,346 shares during the period. Stanley Laman Group Ltd. acquired a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at $3,021,000. Jane Street Group LLC raised its holdings in shares of 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 buying an additional 16,500 shares during the period. Paloma Partners Management Co lifted its stake in Knight-Swift Transportation by 681.6% during the 3rd quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company's stock worth $3,237,000 after acquiring an additional 52,323 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in 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 acquiring an additional 70,276 shares during the period. 88.77% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of analysts have issued reports on KNX shares. Susquehanna cut their price target on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a "positive" rating on the stock in a research note on Wednesday. StockNews.com raised shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Benchmark began coverage on shares of Knight-Swift Transportation in a research report on Tuesday, March 4th. They issued a "buy" rating and a $63.00 price target for the company. 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 report on Thursday, December 12th. Finally, Bank of America lifted their target price on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Eight 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.59.

Knight-Swift Transportation Stock Down 2.3 %

Knight-Swift Transportation stock traded down $1.03 during mid-day trading on Friday, hitting $43.54. The company had a trading volume of 2,229,882 shares, compared to its average volume of 2,210,812. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 59.65 and a beta of 0.97. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 1 year low of $42.72 and a 1 year high of $61.51. The business has a fifty day moving average of $51.22 and a 200 day moving average of $53.13.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 98.63%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $226,850. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

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.