Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 39.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 143,475 shares of the transportation company's stock after acquiring an additional 40,782 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of Knight-Swift Transportation worth $7,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Knight-Swift Transportation by 6.8% in the 4th quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company's stock valued at $423,265,000 after acquiring an additional 506,491 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Knight-Swift Transportation by 3.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company's stock worth $221,541,000 after purchasing an additional 125,827 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Knight-Swift Transportation by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company's stock worth $147,529,000 after purchasing an additional 46,436 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Knight-Swift Transportation by 34.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company's stock valued at $76,224,000 after purchasing an additional 359,566 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Knight-Swift Transportation in the third quarter valued at approximately $70,185,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

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Knight-Swift Transportation Trading Up 1.2 %

KNX stock traded up $0.54 on Monday, reaching $47.06. The company's stock had a trading volume of 3,064,516 shares, compared to its average volume of 2,119,252. The firm has a market cap of $7.62 billion, a PE ratio of 64.46 and a beta of 0.97. The business has a fifty day simple moving average of $53.11 and a two-hundred day simple moving average of $53.61. Knight-Swift Transportation Holdings Inc. has a 12-month low of $44.95 and a 12-month high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share 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%. As a group, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.53%. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation's dividend payout ratio is presently 98.63%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Raymond James upped their target price 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. Benchmark assumed coverage on shares of Knight-Swift Transportation in a research note on Tuesday, March 4th. They set a "buy" rating and a $63.00 price target on the stock. Bank of America boosted their price objective on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. TD Cowen increased their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Citigroup raised shares of Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 price target for the company in a research note on Monday, March 10th. Eight investment 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.41.

Insiders Place Their Bets

In related news, Director Douglas L. Col acquired 5,000 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired 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 owns 5,000 shares of the company's stock, valued at $226,850. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is 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.