Nuance Investments LLC Has $59.29 Million Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Nuance Investments LLC lifted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 20.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,117,896 shares of the transportation company's stock after buying an additional 188,813 shares during the quarter. Knight-Swift Transportation comprises 2.4% of Nuance Investments LLC's portfolio, making the stock its 15th biggest holding. Nuance Investments LLC owned about 0.69% of Knight-Swift Transportation worth $59,293,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KNX. Victory Capital Management Inc. grew its holdings in Knight-Swift Transportation by 6.8% during the fourth 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 during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Knight-Swift Transportation by 3.1% in 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 acquiring an additional 125,827 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Knight-Swift Transportation by 1.7% during 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 period. Caisse DE Depot ET Placement DU Quebec lifted 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 buying an additional 359,566 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in Knight-Swift Transportation in the 3rd quarter valued at $70,185,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock traded down $1.03 during mid-day trading on Friday, reaching $43.54. 2,229,882 shares of the company were exchanged, compared to its average volume of 2,210,812. The firm has a market cap of $7.05 billion, a PE ratio of 59.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The company has a fifty day simple moving average of $51.22 and a 200-day simple moving average of $53.13. Knight-Swift Transportation Holdings Inc. has a 12 month low of $42.72 and a 12 month high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly 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 return on equity of 2.43% and a net margin of 1.59%. As a group, equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal 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 paid a $0.18 dividend. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Friday, March 7th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 98.63%.

Insider Buying and Selling

In other news, Director Douglas L. Col bought 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at $226,850. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KNX shares. StockNews.com upgraded Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted 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. TD Cowen upped their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Susquehanna lowered their price objective on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a "positive" rating on the stock in a report on Wednesday. Finally, Bank of America increased their price objective on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.59.

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.