Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by Korea Investment CORP

Korea Investment CORP grew its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 24.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,118 shares of the transportation company's stock after buying an additional 28,250 shares during the quarter. Korea Investment CORP owned 0.09% of Knight-Swift Transportation worth $7,644,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in KNX. Parkside Financial Bank & Trust grew its position in Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock valued at $36,000 after purchasing an additional 322 shares in the last quarter. UMB Bank n.a. increased its position in shares of Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock worth $43,000 after purchasing an additional 370 shares during the last quarter. Quarry LP raised its stake in shares of Knight-Swift Transportation by 71.1% during the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company's stock worth $65,000 after purchasing an additional 499 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Knight-Swift Transportation by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock valued at $67,000 after buying an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after acquiring an additional 208 shares during the last quarter. Institutional investors own 88.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KNX shares. Raymond James upped their price objective 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. Wells Fargo & Company lowered their target price on shares of 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 raised Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Benchmark started coverage on shares of Knight-Swift Transportation in a research report on Tuesday, March 4th. They set a "buy" rating and a $63.00 price target for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $57.24.

Knight-Swift Transportation Trading Down 1.4 %

NYSE KNX traded down $0.56 during trading hours on Friday, hitting $39.01. 4,842,310 shares of the company were exchanged, compared to its average volume of 2,249,146. 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 52 week low of $36.69 and a 52 week high of $61.51. The stock has a market cap of $6.32 billion, a PE ratio of 53.44 and a beta of 0.97. The stock has a 50-day moving average price of $49.84 and a 200 day moving average price of $52.79.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS 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%. Analysts forecast 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. Investors of record on Friday, March 7th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.85%. This is an increase 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 98.63%.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of the business's stock in a transaction dated 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 completion of the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $226,850. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company's stock.

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.