Hudson Bay Capital Management LP Purchases 104,859 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Hudson Bay Capital Management LP raised its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 70.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 252,708 shares of the transportation company’s stock after buying an additional 104,859 shares during the quarter. Hudson Bay Capital Management LP owned about 0.16% of Knight-Swift Transportation worth $13,404,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings in Knight-Swift Transportation by 88.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after buying an additional 322 shares during the period. UMB Bank n.a. increased its holdings in Knight-Swift Transportation by 84.3% in the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after buying an additional 370 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after buying an additional 213 shares during the period. GAMMA Investing LLC increased its holdings 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 during the period. Finally, Arcadia Investment Management Corp MI increased its holdings in Knight-Swift Transportation by 167.2% in 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 period. 88.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KNX shares. StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company decreased their target price on shares of Knight-Swift Transportation from $55.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus decreased their price target on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Raymond James decreased their price target on shares of Knight-Swift Transportation from $66.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, April 11th. Finally, Susquehanna decreased their price target on shares of Knight-Swift Transportation from $54.00 to $45.00 and set a “positive” rating on the stock in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and an average price target of $50.60.

Insider Buying and Selling

In other news, Director Douglas L. Col purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.

Knight-Swift Transportation Stock Down 1.7%

NYSE:KNX opened at $42.43 on Monday. The firm’s 50 day simple moving average is $42.43 and its 200 day simple moving average is $50.53. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The company has a market cap of $6.88 billion, a PE ratio of 58.12 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the company earned $0.12 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, June 9th. This represents a $0.72 annualized dividend and a yield of 1.70%. Knight-Swift Transportation’s dividend payout ratio is presently 76.60%.

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.