Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 311,283 shares of the transportation company’s stock after acquiring an additional 6,102 shares during the period. Deutsche Bank AG’s holdings in Knight-Swift Transportation were worth $16,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust raised its position 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 acquiring an additional 322 shares in the last quarter. UMB Bank n.a. raised its position 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 acquiring 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 acquiring an additional 213 shares in the last quarter. Arcadia Investment Management Corp MI raised 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 acquiring an additional 836 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Knight-Swift Transportation by 58.5% during the 4th quarter. Blue Trust Inc. now owns 1,669 shares of the transportation company’s stock worth $90,000 after acquiring an additional 616 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on KNX. Bank of America downgraded 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 note on Tuesday, April 1st. Susquehanna dropped their price target on Knight-Swift Transportation from $54.00 to $45.00 and set a “positive” rating on the stock in a research note on Thursday, April 24th. TD Cowen dropped their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. TD Securities dropped their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Finally, Raymond James dropped their price target on Knight-Swift Transportation from $66.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 11th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average target price of $50.60.

Insider Activity

In other news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The stock was purchased 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 owns 5,000 shares in the company, valued at $226,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Down 1.3%

KNX opened at $45.53 on Friday. 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 business has a 50 day simple moving average of $42.28 and a 200-day simple moving average of $50.37. The stock has a market capitalization of $7.38 billion, a P/E ratio of 62.37 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51.

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

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be issued a $0.18 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.58%. Knight-Swift Transportation’s dividend payout ratio is currently 76.60%.

Knight-Swift Transportation Company 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.