Sequoia Financial Advisors LLC Acquires New Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Sequoia Financial Advisors LLC purchased a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,592 shares of the transportation company's stock, valued at approximately $297,000.

Several other hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC increased its position 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 acquiring an additional 208 shares during the period. MassMutual Private Wealth & Trust FSB increased its position 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 acquiring an additional 213 shares during the period. MML Investors Services LLC increased its position in Knight-Swift Transportation by 4.6% in the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company's stock valued at $280,000 after acquiring an additional 228 shares during the period. Concurrent Investment Advisors LLC increased its position in Knight-Swift Transportation by 4.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company's stock valued at $281,000 after acquiring an additional 235 shares during the period. Finally, CIBC Asset Management Inc increased its position in Knight-Swift Transportation by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,924 shares of the transportation company's stock valued at $261,000 after acquiring an additional 252 shares during the period. Institutional investors own 88.77% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on KNX. Susquehanna upgraded Knight-Swift Transportation from a "neutral" rating to a "positive" rating and raised their target price for the company from $48.00 to $67.00 in a research report on Friday, January 3rd. The Goldman Sachs Group raised 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. Raymond James lifted their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 23rd. TD Cowen lifted their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.41.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX traded down $0.14 during mid-day trading on Friday, reaching $44.39. The company had a trading volume of 6,247,434 shares, compared to its average volume of 2,150,197. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock has a market cap of $7.19 billion, a PE ratio of 60.81 and a beta of 0.97. The company has a 50-day moving average price of $52.30 and a two-hundred day moving average price of $53.37. Knight-Swift Transportation Holdings Inc. has a 1-year low of $42.72 and a 1-year high of $61.51.

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

Knight-Swift Transportation Increases Dividend

The firm 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 $0.18 dividend. 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. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's dividend payout ratio (DPR) is 98.63%.

Insider Transactions at Knight-Swift Transportation

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

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.