Sei Investments Co. Boosts Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Sei Investments Co. raised its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 365,021 shares of the transportation company's stock after buying an additional 25,786 shares during the period. Sei Investments Co. owned about 0.23% of Knight-Swift Transportation worth $19,361,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of 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 acquiring an additional 506,491 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Knight-Swift Transportation by 3.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company's stock valued at $221,541,000 after purchasing an additional 125,827 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Knight-Swift Transportation by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company's stock worth $147,529,000 after buying an additional 46,436 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Knight-Swift Transportation by 34.1% in the 3rd 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 buying an additional 359,566 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Knight-Swift Transportation during the third quarter valued at approximately $70,185,000. Institutional investors own 88.77% of the company's stock.

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Insiders Place Their Bets

In related news, Director Douglas L. Col purchased 5,000 shares of Knight-Swift Transportation stock in a transaction dated 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 purchase, the director now directly owns 5,000 shares of the company's stock, valued at $226,850. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Stock Up 0.6 %

NYSE:KNX traded up $0.25 on Tuesday, reaching $43.74. 2,585,446 shares of the stock traded hands, compared to its average volume of 2,216,547. The company's fifty day simple moving average is $50.76 and its 200 day simple moving average is $53.03. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 59.91 and a beta of 0.97. Knight-Swift Transportation Holdings Inc. has a 12 month low of $42.31 and a 12 month high of $61.51. The company has a current ratio of 0.85, a quick ratio of 1.01 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 earnings per share for the quarter, beating the consensus estimate 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 predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.65%. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 98.63%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KNX. The Goldman Sachs Group lifted their price target on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Susquehanna cut their target price on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Bank of America cut shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and reduced their price target for the company from $66.00 to $46.00 in a research report on Tuesday. TD Cowen raised their price objective on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, Raymond James upped their target price on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $57.59.

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.