Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,807 shares of the transportation company’s stock after buying an additional 440 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Knight-Swift Transportation were worth $3,650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust increased its holdings in Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 322 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after purchasing an additional 370 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 purchasing an additional 213 shares during the last quarter. GAMMA Investing LLC lifted its stake in Knight-Swift Transportation by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after buying an additional 208 shares in the last quarter. Finally, Arcadia Investment Management Corp MI grew its holdings in Knight-Swift Transportation by 167.2% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock valued at $71,000 after buying an additional 836 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KNX. TD Cowen boosted their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group cut their price objective on shares of Knight-Swift Transportation from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Susquehanna decreased their target price on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating on the stock in a research report on Wednesday, March 26th. Finally, Stifel Nicolaus cut their price target on Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating for the company in a report on Monday. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Knight-Swift Transportation Trading Down 2.5 %

Shares of KNX opened at $39.53 on Wednesday. The stock’s 50-day moving average is $46.82 and its two-hundred day moving average is $52.01. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The stock has a market cap of $6.40 billion, a PE ratio of 54.15 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share 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%. Equities 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 disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.82%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 98.63%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of the business’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by insiders.

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.