New England Research & Management Inc. Increases Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

New England Research & Management Inc. raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 199.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,625 shares of the transportation company's stock after buying an additional 19,725 shares during the period. New England Research & Management Inc.'s holdings in Knight-Swift Transportation were worth $1,571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MBB Public Markets I LLC acquired a new stake in Knight-Swift Transportation in the second quarter valued at $349,000. Creative Planning lifted its stake in Knight-Swift Transportation by 39.7% in the 2nd quarter. Creative Planning now owns 20,188 shares of the transportation company's stock valued at $1,008,000 after purchasing an additional 5,736 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Knight-Swift Transportation by 46.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 76,849 shares of the transportation company's stock worth $3,837,000 after purchasing an additional 24,451 shares during the period. SG Americas Securities LLC acquired a new position in Knight-Swift Transportation during the third quarter worth approximately $661,000. Finally, Handelsbanken Fonder AB raised its stake in Knight-Swift Transportation by 1.5% in the third quarter. Handelsbanken Fonder AB now owns 45,900 shares of the transportation company's stock valued at $2,476,000 after buying an additional 700 shares during the period. 88.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Chairman Kevin P. Knight sold 29,779 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares of the company's stock, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Knight-Swift Transportation Price Performance

KNX traded up $0.44 during trading on Thursday, hitting $58.78. 643,388 shares of the stock traded hands, compared to its average volume of 2,249,949. The business has a 50 day moving average price of $55.45 and a 200 day moving average price of $53.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. 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 market cap of $9.52 billion, a price-to-earnings ratio of 80.36, a PEG ratio of 1.02 and a beta of 0.98.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 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 research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.11 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.09%. Knight-Swift Transportation's payout ratio is presently 87.67%.

Analyst Ratings Changes

A number of research firms recently weighed in on KNX. Stifel Nicolaus boosted their target price on Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Barclays upped their price target on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Susquehanna upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "positive" rating and raised their price objective for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. The Goldman Sachs Group upped their target price on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Finally, Morgan Stanley dropped their price target on Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

Knight-Swift Transportation 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.