Xponance Inc. Buys 1,694 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Xponance Inc. boosted its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 6.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,630 shares of the transportation company’s stock after acquiring an additional 1,694 shares during the period. Xponance Inc.’s holdings in Knight-Swift Transportation were worth $1,412,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KNX. Parkside Financial Bank & Trust boosted its holdings in Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 322 shares during the last quarter. UMB Bank n.a. boosted its holdings in Knight-Swift Transportation by 84.3% in the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 370 shares during the last quarter. Quarry LP boosted its holdings in Knight-Swift Transportation by 71.1% in the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 499 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings 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 buying an additional 213 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after buying an additional 208 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Insider Activity

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KNX. Citigroup upgraded Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price target on the stock in a report on Monday, March 10th. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their price target for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Raymond James increased their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. TD Cowen increased their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Bank of America increased their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.41.

Knight-Swift Transportation Trading Down 0.3 %

NYSE KNX opened at $44.39 on Friday. The firm has a market capitalization of $7.19 billion, a P/E ratio of 60.81 and a beta of 0.97. The business has a fifty day simple moving average of $52.30 and a 200 day simple moving average of $53.37. Knight-Swift Transportation Holdings Inc. has a 12 month low of $42.72 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.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. On average, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 98.63%.

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.