South Dakota Investment Council Boosts Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

South Dakota Investment Council increased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 16.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,078 shares of the transportation company’s stock after buying an additional 12,700 shares during the period. South Dakota Investment Council owned 0.06% of Knight-Swift Transportation worth $5,308,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its holdings 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 valued at $38,000 after acquiring an additional 385 shares during the period. FinTrust Capital Advisors LLC purchased a new position in shares of Knight-Swift Transportation during the third quarter valued at approximately $42,000. Blue Trust Inc. boosted its position in shares of Knight-Swift Transportation by 80.3% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after buying an additional 326 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Knight-Swift Transportation by 25.0% during the third 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 buying an additional 200 shares during the period. Finally, Planned Solutions Inc. purchased a new position in shares of Knight-Swift Transportation during the fourth quarter valued at approximately $92,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Knight-Swift Transportation

In other news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation 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 completion of the sale, the chief accounting officer now directly owns 5,118 shares of the company’s stock, valued at approximately $287,836.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

KNX has been the subject of a number of recent research reports. TD Cowen reduced their price objective on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Bank of America dropped their price objective on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Loop Capital lowered shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and dropped their price objective for the company from $63.00 to $53.00 in a report on Thursday, April 18th. Stifel Nicolaus lowered their price target on shares of Knight-Swift Transportation from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, Barclays decreased their price objective on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus target price of $57.77.

Knight-Swift Transportation Stock Down 1.2 %

Shares of NYSE:KNX traded down $0.58 during trading on Wednesday, hitting $48.65. The company’s stock had a trading volume of 2,226,337 shares, compared to its average volume of 2,123,314. The business has a 50 day moving average price of $54.15 and a two-hundred day moving average price of $54.26. The company has a market capitalization of $7.86 billion, a PE ratio of 36.48, a P/E/G ratio of 2.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.73 and a fifty-two week high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, January 24th. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.38). The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. As a group, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.31 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a $0.16 dividend. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.32%. Knight-Swift Transportation’s payout ratio is 48.12%.

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.