Riposte Capital LLC Purchases Shares of 175,000 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Riposte Capital LLC bought a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 175,000 shares of the transportation company's stock, valued at approximately $9,282,000. Knight-Swift Transportation makes up 1.8% of Riposte Capital LLC's investment portfolio, making the stock its 18th largest position. Riposte Capital LLC owned approximately 0.11% of Knight-Swift Transportation at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in Knight-Swift Transportation by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company's stock worth $61,878,000 after buying an additional 26,346 shares in the last quarter. Stanley Laman Group Ltd. acquired a new position in shares of Knight-Swift Transportation during the fourth quarter valued at $3,021,000. Jane Street Group LLC lifted its stake in shares of Knight-Swift Transportation by 30.9% during the third quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company's stock valued at $3,771,000 after acquiring an additional 16,500 shares during the period. Paloma Partners Management Co boosted its holdings in Knight-Swift Transportation by 681.6% in the third quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company's stock valued at $3,237,000 after acquiring an additional 52,323 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Knight-Swift Transportation by 116.1% in the third quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company's stock worth $7,056,000 after purchasing an additional 70,276 shares during the period. 88.77% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of the firm'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 completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Knight-Swift Transportation Stock Down 1.4 %

KNX stock traded down $0.62 during mid-day trading on Tuesday, hitting $44.36. 3,192,133 shares of the company were exchanged, compared to its average volume of 2,156,228. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation Holdings Inc. has a 1-year low of $42.72 and a 1-year high of $61.51. The firm's 50 day simple moving average is $52.11 and its 200 day simple moving average is $53.33. The firm has a market cap of $7.19 billion, a P/E ratio of 60.77 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data 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%. On average, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed 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. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, March 7th. Knight-Swift Transportation's dividend payout ratio is currently 98.63%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Cowen upped their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Raymond James raised their price objective 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. Benchmark assumed coverage on shares of Knight-Swift Transportation in a research report on Tuesday, March 4th. They set a "buy" rating and a $63.00 target price for the company. Finally, The Goldman Sachs Group raised their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Eight equities research 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 stock. According to MarketBeat, the company has a consensus 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.