Dimensional Fund Advisors LP Buys 505,543 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Dimensional Fund Advisors LP increased its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,991,354 shares of the transportation company’s stock after acquiring an additional 505,543 shares during the quarter. Dimensional Fund Advisors LP owned about 4.32% of Knight-Swift Transportation worth $370,819,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 208 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Knight-Swift Transportation by 20.5% in the fourth 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. Signaturefd LLC lifted its position in shares of Knight-Swift Transportation by 8.5% in the fourth quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock worth $147,000 after buying an additional 218 shares in the last quarter. Bessemer Group Inc. boosted its stake in Knight-Swift Transportation by 6.1% during the fourth quarter. Bessemer Group Inc. now owns 3,882 shares of the transportation company’s stock valued at $206,000 after buying an additional 222 shares during the last quarter. Finally, MML Investors Services LLC grew 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 valued at $280,000 after buying an additional 228 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Insider Activity

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of the business’s stock in a transaction that occurred on 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 acquisition, the director now directly owns 5,000 shares in the company, valued at $226,850. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

KNX has been the topic of several recent research reports. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. TD Cowen upped their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Barclays dropped their price objective on shares of Knight-Swift Transportation from $68.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Benchmark restated a “buy” rating and set a $63.00 target price on shares of Knight-Swift Transportation in a research report on Monday, April 14th. Finally, Bank of America lowered Knight-Swift Transportation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $46.00 in a research report on Tuesday, April 1st. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.93.

Knight-Swift Transportation Stock Up 3.2 %

Shares of NYSE KNX opened at $39.37 on Friday. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $61.51. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 53.93 and a beta of 1.16. The stock has a 50 day moving average price of $45.90 and a 200 day moving average price of $51.72. 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 issued its earnings results 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 return on equity of 2.43% and a net margin of 1.59%. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were given a dividend of $0.18 per share. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.83%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 98.63%.

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.