33,869 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 33,869 shares of the transportation company’s stock, valued at approximately $1,796,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KNX. Franklin Resources Inc. bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at about $70,185,000. Fortitude Family Office LLC bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at about $26,775,000. Allspring Global Investments Holdings LLC grew its position in shares of Knight-Swift Transportation by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company’s stock valued at $219,870,000 after buying an additional 467,647 shares during the last quarter. Nuance Investments LLC grew its position in shares of Knight-Swift Transportation by 74.5% in the 3rd quarter. Nuance Investments LLC now owns 929,083 shares of the transportation company’s stock valued at $50,124,000 after buying an additional 396,607 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Knight-Swift Transportation by 34.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock valued at $76,224,000 after buying an additional 359,566 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $54.64 on Tuesday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $61.51. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $8.84 billion, a PE ratio of 74.84 and a beta of 0.99. The firm has a fifty day simple moving average of $55.12 and a two-hundred day simple moving average of $53.99.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) 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%. Analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KNX. Evercore ISI boosted their price objective on Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Bank of America boosted their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. The Goldman Sachs Group boosted their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Raymond James boosted their price objective on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus boosted their price objective on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and an average target price of $59.38.

Insider Transactions at Knight-Swift Transportation

In related news, Director Ploeg David Vander sold 500 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the transaction, the director now directly owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

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.