Oppenheimer Asset Management Inc. Has $3.70 Million Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Oppenheimer Asset Management Inc. lessened its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,767 shares of the transportation company’s stock after selling 4,367 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Knight-Swift Transportation were worth $3,700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Assenagon Asset Management S.A. grew its position in Knight-Swift Transportation by 11.7% in the third quarter. Assenagon Asset Management S.A. now owns 5,704 shares of the transportation company’s stock valued at $308,000 after acquiring an additional 597 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Knight-Swift Transportation by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 18,783 shares of the transportation company’s stock valued at $1,013,000 after purchasing an additional 1,275 shares during the last quarter. Stephens Inc. AR boosted its position in Knight-Swift Transportation by 2.4% in the third quarter. Stephens Inc. AR now owns 233,287 shares of the transportation company’s stock valued at $12,586,000 after buying an additional 5,373 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Knight-Swift Transportation by 18.5% during the third quarter. QRG Capital Management Inc. now owns 7,981 shares of the transportation company’s stock worth $431,000 after buying an additional 1,248 shares during the last quarter. Finally, Cornerstone Capital Inc. increased its holdings in shares of Knight-Swift Transportation by 18.0% during the third quarter. Cornerstone Capital Inc. now owns 20,170 shares of the transportation company’s stock worth $1,088,000 after buying an additional 3,080 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KNX shares. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Bank of America boosted their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. The Goldman Sachs Group boosted their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, TD Cowen raised their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.38.

Knight-Swift Transportation Price Performance

Shares of KNX opened at $50.38 on Friday. The firm has a market cap of $8.16 billion, a PE ratio of 69.01 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The business’s 50 day moving average price is $54.28 and its two-hundred day moving average price is $54.02.

Knight-Swift Transportation (NYSE:KNX) 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%. On average, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.43%. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s payout ratio is presently 98.63%.

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.