American Century Companies Inc. Boosts Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

American Century Companies Inc. raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,241,222 shares of the transportation company’s stock after purchasing an additional 92,259 shares during the quarter. American Century Companies Inc.’s holdings in Knight-Swift Transportation were worth $65,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of Knight-Swift Transportation in the third quarter valued at approximately $88,000. Charles Schwab Investment Management Inc. lifted its holdings in Knight-Swift Transportation by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock valued at $61,878,000 after acquiring an additional 26,346 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Knight-Swift Transportation by 9.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,197 shares of the transportation company’s stock worth $658,000 after purchasing an additional 1,100 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Knight-Swift Transportation by 180.6% during the 3rd quarter. Bank of Montreal Can now owns 81,266 shares of the transportation company’s stock worth $4,392,000 after purchasing an additional 52,309 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Knight-Swift Transportation by 116.1% in the third quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company’s stock valued at $7,056,000 after purchasing an additional 70,276 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Down 1.4 %

NYSE KNX opened at $44.36 on Wednesday. The company has a market cap of $7.19 billion, a P/E ratio of 60.77 and a beta of 0.97. Knight-Swift Transportation Holdings Inc. has a 12 month low of $42.72 and a 12 month high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The company has a 50-day moving average of $51.90 and a 200-day moving average of $53.29.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 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, equities 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 98.63%.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Director Douglas L. Col purchased 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KNX has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 16th. TD Cowen lifted their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Citigroup upgraded shares of Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price objective on the stock in a research report on Monday, March 10th. Finally, The Goldman Sachs Group lifted their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.41.

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.