Raymond James Financial Inc. Invests $15.11 Million in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Raymond James Financial Inc. acquired a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 284,896 shares of the transportation company's stock, valued at approximately $15,111,000. Raymond James Financial Inc. owned about 0.18% of Knight-Swift Transportation at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its stake in shares of Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after purchasing an additional 322 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock worth $43,000 after purchasing an additional 370 shares during the last quarter. Quarry LP grew its stake in Knight-Swift Transportation by 71.1% in the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company's stock valued at $65,000 after buying an additional 499 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock valued at $67,000 after buying an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Knight-Swift Transportation by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock valued at $71,000 after buying an additional 208 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

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Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock traded down $0.14 on Friday, reaching $44.39. 6,247,434 shares of the stock were exchanged, compared to its average volume of 2,149,901. The firm's 50 day moving average is $52.30 and its 200-day moving average is $53.36. Knight-Swift Transportation Holdings Inc. has a one year low of $42.72 and a one year high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The firm has a market cap of $7.19 billion, a PE ratio of 60.81 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share 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%. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be paid a $0.18 dividend. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.62%. Knight-Swift Transportation's dividend payout ratio is presently 98.63%.

Insider Activity at Knight-Swift Transportation

In related news, Director Douglas L. Col acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $45.37 per share, with a total value of $226,850.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KNX shares. Bank of America upped their price target on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. TD Cowen upped their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Susquehanna upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "positive" rating and upped their price target for the company from $48.00 to $67.00 in a research note on Friday, January 3rd. Finally, Citigroup upgraded shares of Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 price target on the stock in a research note on Monday, March 10th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $59.41.

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.