Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock Holdings Lifted by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 88.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 685 shares of the transportation company’s stock after purchasing an additional 322 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Knight-Swift Transportation were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in Knight-Swift Transportation by 3.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company’s stock valued at $221,541,000 after acquiring an additional 125,827 shares during the period. Geode Capital Management LLC boosted its position in Knight-Swift Transportation by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company’s stock valued at $147,529,000 after purchasing an additional 46,436 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Knight-Swift Transportation by 34.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock worth $76,224,000 after buying an additional 359,566 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Knight-Swift Transportation in the third quarter worth $70,185,000. Finally, Thrivent Financial for Lutherans lifted its stake in Knight-Swift Transportation by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 1,337,737 shares of the transportation company’s stock valued at $72,171,000 after buying an additional 6,803 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. TD Cowen upped their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Bank of America raised their price target on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Citigroup cut Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a report on Tuesday, November 12th. Barclays increased their price objective on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and lifted their target price for the company from $48.00 to $67.00 in a research note on Friday, January 3rd. One research 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 company has an average rating of “Moderate Buy” and an average price target of $59.38.

Knight-Swift Transportation Trading Down 2.6 %

Shares of KNX stock opened at $49.14 on Tuesday. The stock has a 50-day simple moving average of $54.21 and a 200 day simple moving average of $54.00. The stock has a market capitalization of $7.96 billion, a P/E ratio of 67.32 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $61.51. 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) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating 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, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal 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 given a $0.18 dividend. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.47%. Knight-Swift Transportation’s payout ratio is 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.