Strategic Financial Concepts LLC Purchases New Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Strategic Financial Concepts LLC purchased a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 33,869 shares of the transportation company's stock, valued at approximately $1,796,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KNX. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 208 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Knight-Swift Transportation by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock worth $67,000 after acquiring an additional 213 shares during the period. MML Investors Services LLC lifted its holdings in shares of Knight-Swift Transportation by 4.6% during the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company's stock worth $280,000 after acquiring an additional 228 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Knight-Swift Transportation by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock worth $62,000 after acquiring an additional 292 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its holdings in shares of Knight-Swift Transportation by 87.2% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company's stock worth $40,000 after acquiring an additional 348 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KNX. Morgan Stanley cut their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, October 24th. Bank of America upped their price target on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Susquehanna raised shares of Knight-Swift Transportation from a "neutral" rating to a "positive" rating and upped their price target for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Raymond James upped their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation has an average rating of "Moderate Buy" and an average target price of $59.38.

Knight-Swift Transportation Stock Down 0.5 %

NYSE KNX traded down $0.26 on Friday, hitting $54.20. 2,401,463 shares of the company were exchanged, compared to its average volume of 2,209,109. The company has a market cap of $8.77 billion, a PE ratio of 74.24 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $61.51. The stock has a fifty day moving average of $54.91 and a 200-day moving average of $54.03. 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 issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, topping 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%. As a group, 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. Investors of record on Friday, March 7th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.33%. Knight-Swift Transportation's dividend payout ratio is currently 87.67%.

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.