Tower Research Capital LLC TRC Increases Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Tower Research Capital LLC TRC raised its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 92.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,435 shares of the transportation company’s stock after acquiring an additional 5,960 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Knight-Swift Transportation were worth $660,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in KNX. Franklin Resources Inc. purchased a new position in Knight-Swift Transportation in the third quarter valued at approximately $70,185,000. Norges Bank purchased a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $65,839,000. Ceredex Value Advisors LLC grew its position in shares of Knight-Swift Transportation by 59.5% in the 4th quarter. Ceredex Value Advisors LLC now owns 1,435,562 shares of the transportation company’s stock valued at $76,142,000 after buying an additional 535,518 shares during the last quarter. Victory Capital Management Inc. raised its stake in Knight-Swift Transportation by 6.8% during the 4th quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company’s stock worth $423,265,000 after acquiring an additional 506,491 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Knight-Swift Transportation by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company’s stock valued at $370,819,000 after acquiring an additional 505,543 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Insider Buying and Selling

In other news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Trading Down 3.5 %

NYSE:KNX opened at $38.93 on Monday. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 53.33 and a beta of 1.16. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The stock has a fifty day moving average price of $44.40 and a two-hundred day moving average price of $51.32. 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 announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.83 billion. As a group, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were paid a dividend of $0.18 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. Knight-Swift Transportation’s payout ratio is 76.60%.

Analysts Set New Price Targets

A number of research firms have recently commented on KNX. The Goldman Sachs Group cut their target price on Knight-Swift Transportation from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Raymond James reduced their price objective on Knight-Swift Transportation from $66.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, April 11th. Citigroup raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $53.00 to $48.00 in a report on Tuesday, April 8th. StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, TD Securities lowered their price objective on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday. 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.60.

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.