Desjardins Global Asset Management Inc. Purchases 361 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Desjardins Global Asset Management Inc. grew its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,361 shares of the transportation company’s stock after acquiring an additional 361 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Knight-Swift Transportation were worth $1,923,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its position in Knight-Swift Transportation by 136.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock worth $38,000 after purchasing an additional 385 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in Knight-Swift Transportation during the third quarter worth approximately $42,000. Blue Trust Inc. grew its position in shares of Knight-Swift Transportation by 80.3% in the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 326 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Knight-Swift Transportation by 543.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company’s stock worth $47,000 after purchasing an additional 793 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Knight-Swift Transportation by 25.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 200 shares during the period. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Trading Up 0.0 %

Shares of Knight-Swift Transportation stock opened at $50.77 on Wednesday. The firm has a market capitalization of $8.20 billion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 1.44 and a beta of 0.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $55.30 and its 200 day moving average is $54.27. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.73 and a 1 year high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, January 24th. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.38). The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.92 billion. Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. Equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.35 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.26%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. Knight-Swift Transportation’s payout ratio is 48.12%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Susquehanna lowered their target price on shares of Knight-Swift Transportation from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. Barclays cut their price target on Knight-Swift Transportation from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, April 1st. Finally, Stifel Nicolaus lifted their price objective on Knight-Swift Transportation from $54.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and a consensus price target of $62.75.

Insiders Place Their Bets

In related news, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at approximately $287,836.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

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.