Two Point Capital Management Inc. Cuts Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Two Point Capital Management Inc. lessened its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 160,099 shares of the transportation company's stock after selling 4,691 shares during the period. Knight-Swift Transportation makes up 3.1% of Two Point Capital Management Inc.'s investment portfolio, making the stock its 15th largest holding. Two Point Capital Management Inc. owned 0.10% of Knight-Swift Transportation worth $8,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KNX. GAMMA Investing LLC grew its holdings in Knight-Swift Transportation by 36.6% during the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company's stock worth $61,000 after acquiring an additional 302 shares during the period. Inspire Investing LLC grew its stake in shares of Knight-Swift Transportation by 8.1% during the 3rd quarter. Inspire Investing LLC now owns 7,597 shares of the transportation company's stock worth $410,000 after purchasing an additional 572 shares during the period. Creative Planning increased its holdings in shares of Knight-Swift Transportation by 4.7% in the 3rd quarter. Creative Planning now owns 21,133 shares of the transportation company's stock valued at $1,140,000 after purchasing an additional 945 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Knight-Swift Transportation in the third quarter valued at about $361,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Knight-Swift Transportation by 13.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company's stock worth $219,870,000 after buying an additional 467,647 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Raymond James increased their target price on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a "strong-buy" rating in a report on Thursday, January 23rd. TD Cowen raised their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Morgan Stanley reduced their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, October 24th. Stifel Nicolaus upped their target price on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a "hold" rating in a report on Friday, October 25th. Finally, Bank of America raised their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued 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.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.38.

Knight-Swift Transportation Trading Down 0.5 %

Shares of KNX traded down $0.26 on Monday, hitting $54.20. 2,401,463 shares of the stock traded hands, compared to its average volume of 2,235,910. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $61.51. The stock's 50 day moving average is $54.88 and its two-hundred day moving average is $54.04. The firm has a market capitalization of $8.77 billion, a P/E ratio of 74.24 and a beta of 0.99. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data 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 return on equity of 2.43% and a net margin of 1.59%. As a group, sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be issued a $0.18 dividend. This is a boost 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 1.33%. Knight-Swift Transportation's payout ratio is 87.67%.

Knight-Swift Transportation Company 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.