Linden Thomas Advisory Services LLC Buys 2,498 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Linden Thomas Advisory Services LLC increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 18.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,777 shares of the transportation company’s stock after acquiring an additional 2,498 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Knight-Swift Transportation were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of Knight-Swift Transportation by 136.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 385 shares during the last quarter. FinTrust Capital Advisors LLC bought a new position in Knight-Swift Transportation during the third quarter worth $42,000. Blue Trust Inc. raised its holdings in shares of Knight-Swift Transportation by 80.3% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 326 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Knight-Swift Transportation by 25.0% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock worth $50,000 after purchasing an additional 200 shares in the last quarter. Finally, Planned Solutions Inc. acquired a new position in Knight-Swift Transportation during the 4th quarter worth approximately $92,000. Institutional investors own 88.77% of the company’s stock.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at approximately $287,836.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on KNX shares. Bank of America reduced their price target on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Robert W. Baird dropped their price objective on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday. Loop Capital downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $63.00 to $53.00 in a report on Thursday, April 18th. Barclays lowered their target price on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Stifel Nicolaus cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price target for the stock from $53.00 to $47.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Hold” and a consensus target price of $57.71.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $47.14 on Friday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.73 and a 12 month high of $60.99. The business has a fifty day simple moving average of $53.72 and a two-hundred day simple moving average of $54.17. The firm has a market capitalization of $7.61 billion, a P/E ratio of 70.36, a P/E/G ratio of 2.48 and a beta of 0.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.07). The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.53% and a net margin of 1.50%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. On average, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.31 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. Knight-Swift Transportation’s dividend payout ratio is currently 95.52%.

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.