Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 6.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,980,109 shares of the transportation company’s stock after purchasing an additional 506,491 shares during the quarter. Victory Capital Management Inc.’s holdings in Knight-Swift Transportation were worth $423,265,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in Knight-Swift Transportation by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after purchasing an additional 208 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Knight-Swift Transportation by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after buying an additional 213 shares during the last quarter. MML Investors Services LLC lifted its holdings in Knight-Swift Transportation by 4.6% during the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock worth $280,000 after buying an additional 228 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Knight-Swift Transportation by 4.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company’s stock worth $281,000 after acquiring an additional 235 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Knight-Swift Transportation by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,924 shares of the transportation company’s stock valued at $261,000 after acquiring an additional 252 shares during the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Trading Down 2.4 %

NYSE:KNX opened at $47.93 on Wednesday. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $61.51. The business has a fifty day moving average of $54.10 and a 200-day moving average of $53.96. 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 stock has a market cap of $7.76 billion, a price-to-earnings ratio of 65.66 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be issued a dividend of $0.18 per share. This is a boost 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 1.50%. Knight-Swift Transportation’s payout ratio is presently 98.63%.

Analysts Set New Price Targets

A number of research firms have commented on KNX. Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Barclays lifted their price target on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Benchmark began coverage on shares of Knight-Swift Transportation in a research note on Tuesday. They set a “buy” rating and a $63.00 price objective on the stock. Citigroup cut shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price on the stock. in a report on Tuesday, November 12th. Finally, StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.59.

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.