Hsbc Holdings PLC Acquires 25,139 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Hsbc Holdings PLC increased its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 45.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,011 shares of the transportation company’s stock after purchasing an additional 25,139 shares during the quarter. Hsbc Holdings PLC owned approximately 0.05% of Knight-Swift Transportation worth $4,290,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in shares of Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after buying an additional 322 shares during the last quarter. UMB Bank n.a. raised its holdings in Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after acquiring an additional 370 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 213 shares during the last quarter. GAMMA Investing LLC grew its stake in Knight-Swift Transportation by 18.5% in the fourth 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 in the last quarter. Finally, Arcadia Investment Management Corp MI increased its position in shares of 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 worth $71,000 after purchasing an additional 836 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock opened at $39.25 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 53.77 and a beta of 1.16. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The company has a 50-day simple moving average of $43.84 and a two-hundred day simple moving average of $51.15.

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

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Friday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s payout ratio is 76.60%.

Insider Buying and Selling

In other news, Director Douglas L. Col purchased 5,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price 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. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Susquehanna decreased their price objective on shares of Knight-Swift Transportation from $54.00 to $45.00 and set a “positive” rating for the company in a research report on Thursday, April 24th. Bank of America cut shares of Knight-Swift Transportation from a “buy” rating to a “neutral” rating and dropped their target price for the company from $66.00 to $46.00 in a report on Tuesday, April 1st. Stifel Nicolaus reduced 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, April 14th. Finally, Evercore ISI dropped their price objective on Knight-Swift Transportation from $49.00 to $44.00 and set an “in-line” rating on the stock in a research note on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued 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 $50.60.

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.