14,126 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 14,126 shares of the transportation company's stock, valued at approximately $749,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. purchased a new position in shares of Knight-Swift Transportation in the 3rd quarter worth about $70,185,000. Nuance Investments LLC increased its position in shares of Knight-Swift Transportation by 74.5% during the third quarter. Nuance Investments LLC now owns 929,083 shares of the transportation company's stock valued at $50,124,000 after acquiring an additional 396,607 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised 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 worth $76,224,000 after purchasing an additional 359,566 shares during the last quarter. WCM Investment Management LLC purchased a new stake in shares of Knight-Swift Transportation during the 4th quarter valued at about $16,256,000. Finally, Principal Financial Group Inc. boosted its holdings in Knight-Swift Transportation by 42.9% in the fourth quarter. Principal Financial Group Inc. now owns 933,359 shares of the transportation company's stock worth $49,505,000 after purchasing an additional 280,121 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on KNX. The Goldman Sachs Group upped their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. Benchmark started coverage on shares of Knight-Swift Transportation in a research report on Tuesday, March 4th. They issued a "buy" rating and a $63.00 price target for the company. Raymond James lifted their target price on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Citigroup raised Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 price target on the stock in a report on Monday. Finally, Barclays upped their price objective on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation has an average rating of "Moderate Buy" and a consensus price target of $59.41.

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Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock traded up $0.39 during mid-day trading on Wednesday, reaching $46.75. 2,120,055 shares of the company's stock traded hands, compared to its average volume of 2,102,457. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $61.51. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 64.04 and a beta of 0.97. The stock has a 50 day moving average of $53.54 and a two-hundred day moving average of $53.74. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced 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%. Equities analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.54%. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's payout ratio is currently 98.63%.

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.