Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by Korea Investment CORP

Korea Investment CORP lifted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 24.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 144,118 shares of the transportation company’s stock after purchasing an additional 28,250 shares during the quarter. Korea Investment CORP owned 0.09% of Knight-Swift Transportation worth $7,644,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Stanley Laman Group Ltd. acquired a new position in Knight-Swift Transportation during the 4th quarter valued at about $3,021,000. Jane Street Group LLC boosted its holdings in shares of Knight-Swift Transportation by 30.9% in the third quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock valued at $3,771,000 after acquiring an additional 16,500 shares in the last quarter. Paloma Partners Management Co increased its stake in shares of Knight-Swift Transportation by 681.6% during the third quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock valued at $3,237,000 after acquiring an additional 52,323 shares during the period. BNP Paribas Financial Markets raised its holdings in Knight-Swift Transportation by 116.1% during the third quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company’s stock worth $7,056,000 after purchasing an additional 70,276 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Knight-Swift Transportation by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company’s stock worth $62,340,000 after purchasing an additional 28,387 shares during the period. 88.77% of the stock is currently owned by institutional investors.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $226,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Knight-Swift Transportation Price Performance

Shares of KNX opened at $43.52 on Tuesday. 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 firm has a market cap of $7.05 billion, a PE ratio of 59.62 and a beta of 0.97. The firm’s 50 day moving average price is $50.99 and its 200 day moving average price is $53.10. Knight-Swift Transportation Holdings Inc. has a twelve month low of $42.47 and a twelve month high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) 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%. As a group, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were 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 of this dividend was Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 98.63%.

Analysts Set New Price Targets

A number of research firms have recently commented on KNX. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Bank of America boosted their price target on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Benchmark initiated coverage on shares of Knight-Swift Transportation in a research report on Tuesday, March 4th. They set a “buy” rating and a $63.00 price objective for the company. 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 target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.59.

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.