Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 471,677 shares of the transportation company's stock after buying an additional 9,396 shares during the period. Rhumbline Advisers owned about 0.29% of Knight-Swift Transportation worth $25,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Knight-Swift Transportation in the 3rd quarter worth about $3,729,000. Charles Schwab Investment Management Inc. boosted its position in shares of Knight-Swift Transportation by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company's stock worth $61,878,000 after buying an additional 26,346 shares in the last quarter. Stanley Laman Group Ltd. purchased a new stake in shares of Knight-Swift Transportation in the 4th quarter worth about $3,021,000. Jane Street Group LLC boosted its position 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 worth $3,771,000 after buying an additional 16,500 shares in the last quarter. Finally, Paloma Partners Management Co boosted its position in shares of Knight-Swift Transportation by 681.6% in the 3rd quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company's stock worth $3,237,000 after buying an additional 52,323 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on KNX shares. Evercore ISI boosted their price objective on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an "in-line" rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Barclays upped their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Bank of America upped their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Knight-Swift Transportation Trading Down 3.0 %

KNX traded down $1.58 on Friday, reaching $51.84. 3,487,414 shares of the company's stock were exchanged, compared to its average volume of 2,220,187. The company's 50 day moving average is $54.66 and its 200-day moving average is $54.06. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 70.93 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve 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 posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share 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. Investors of record on Friday, March 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is 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 is 87.67%.

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.