91,275 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Acquired by Aviva PLC

Aviva PLC purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 91,275 shares of the transportation company’s stock, valued at approximately $4,841,000. Aviva PLC owned approximately 0.06% of Knight-Swift Transportation as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Resona Asset Management Co. Ltd. purchased a new stake in Knight-Swift Transportation during the 4th quarter worth approximately $2,922,000. Groupama Asset Managment increased its holdings in shares of Knight-Swift Transportation by 20.9% in the 4th quarter. Groupama Asset Managment now owns 8,935 shares of the transportation company’s stock valued at $470,000 after acquiring an additional 1,545 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Knight-Swift Transportation by 36.8% in the 4th quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company’s stock valued at $100,004,000 after acquiring an additional 507,370 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Knight-Swift Transportation by 20.5% in the 4th quarter. Alliancebernstein L.P. now owns 292,859 shares of the transportation company’s stock valued at $15,533,000 after acquiring an additional 49,899 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Knight-Swift Transportation by 13.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,962 shares of the transportation company’s stock valued at $263,000 after acquiring an additional 604 shares during the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Director Douglas L. Col bought 5,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, with a total value of $226,850.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $226,850. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Performance

KNX opened at $43.00 on Thursday. The company has a market cap of $6.96 billion, a PE ratio of 58.90 and a beta of 1.16. The stock has a 50-day moving average of $48.09 and a 200-day moving average of $52.38. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 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.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results 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 return on equity of 2.43% and a net margin of 1.59%. As a group, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share 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. Shareholders of record on Friday, March 7th were issued a $0.18 dividend. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.67%. Knight-Swift Transportation’s dividend payout ratio is 98.63%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KNX shares. Benchmark started coverage on Knight-Swift Transportation in a report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 price target for the company. Bank of America lowered Knight-Swift Transportation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $66.00 to $46.00 in a research report on Tuesday, April 1st. Raymond James boosted their price objective on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Citigroup upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $53.00 to $48.00 in a research report on Tuesday. Finally, Susquehanna reduced their price target on Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating for the company in a research report on Wednesday, March 26th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.94.

About Knight-Swift Transportation

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.