Legato Capital Management LLC Has $710,000 Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Legato Capital Management LLC lifted its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 149.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,385 shares of the transportation company's stock after purchasing an additional 8,015 shares during the period. Legato Capital Management LLC's holdings in Knight-Swift Transportation were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KNX. Franklin Resources Inc. bought a new position in Knight-Swift Transportation during the 3rd quarter worth $70,185,000. Fortitude Family Office LLC bought a new stake in shares of Knight-Swift Transportation during the 3rd quarter valued at $26,775,000. Allspring Global Investments Holdings LLC lifted its position in shares of Knight-Swift Transportation by 13.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company's stock valued at $219,870,000 after acquiring an additional 467,647 shares during the period. Nuance Investments LLC grew its holdings in shares of Knight-Swift Transportation by 74.5% during the 3rd quarter. Nuance Investments LLC now owns 929,083 shares of the transportation company's stock worth $50,124,000 after purchasing an additional 396,607 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of 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 worth $76,224,000 after purchasing an additional 359,566 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KNX. The Goldman Sachs Group upped 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. Evercore ISI upped their price target on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an "in-line" rating in a report on Thursday, October 24th. Citigroup cut shares of Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 price objective on the stock. in a research note on Tuesday, November 12th. Bank of America boosted their price objective on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Finally, Barclays raised their target price on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Knight-Swift Transportation Trading Down 0.5 %

Shares of NYSE KNX traded down $0.26 during midday trading on Monday, reaching $54.20. The stock had a trading volume of 2,401,463 shares, compared to its average volume of 2,235,910. The company's 50 day moving average price is $54.88 and its 200 day moving average price is $54.04. 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 Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $61.51. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 74.24 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS 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, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.33%. Knight-Swift Transportation's payout ratio is 87.67%.

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.