New Age Alpha Advisors LLC Invests $5.52 Million in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

New Age Alpha Advisors LLC purchased a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 104,072 shares of the transportation company's stock, valued at approximately $5,520,000. New Age Alpha Advisors LLC owned about 0.06% of Knight-Swift Transportation at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in KNX. Franklin Resources Inc. acquired a new position in Knight-Swift Transportation during the third quarter worth $70,185,000. Norges Bank acquired a new position in shares of Knight-Swift Transportation during the 4th quarter worth $65,839,000. Victory Capital Management Inc. increased 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 purchasing an additional 506,491 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake 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 valued at $76,224,000 after purchasing an additional 359,566 shares during the period. Finally, WCM Investment Management LLC purchased a new stake in Knight-Swift Transportation during the fourth quarter worth about $16,256,000. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Stock Performance

Shares of KNX traded up $1.31 during mid-day trading on Wednesday, hitting $45.07. The stock had a trading volume of 844,270 shares, compared to its average volume of 2,803,822. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The company has a market cap of $7.30 billion, a PE ratio of 61.74 and a beta of 0.97. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $42.34 and a fifty-two week high of $61.51. The company's fifty day simple moving average is $50.76 and its two-hundred day simple moving average is $53.03.

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Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating 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, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.60%. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. Knight-Swift Transportation's dividend payout ratio is presently 98.63%.

Insider Buying and Selling

In related news, Director Douglas L. Col bought 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company's stock, valued at approximately $226,850. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KNX shares. Raymond James lifted their price target on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 23rd. Bank of America cut shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $66.00 to $46.00 in a research note on Tuesday. Wells Fargo & Company decreased their price target on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. StockNews.com upgraded Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, Citigroup raised Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 target price on the stock in a research report on Monday, March 10th. Nine 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 company's stock. According to MarketBeat.com, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and a consensus price target of $57.24.

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.