Douglas L. Col Purchases 5,000 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Director Douglas L. Col bought 5,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $226,850. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $46.56 on Friday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $44.95 and a 12-month high of $61.51. The business’s fifty day simple moving average is $53.11 and its 200-day simple moving average is $53.60. 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 company has a market cap of $7.54 billion, a PE ratio of 63.77 and a beta of 0.97.

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%. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s payout ratio is currently 98.63%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. lifted its position in Knight-Swift Transportation by 12.3% during the 3rd quarter. Assetmark Inc. now owns 15,724 shares of the transportation company’s stock worth $848,000 after acquiring an additional 1,718 shares during the period. Atria Investments Inc lifted its holdings in shares of Knight-Swift Transportation by 2.1% during the third quarter. Atria Investments Inc now owns 37,447 shares of the transportation company’s stock worth $2,020,000 after purchasing an additional 779 shares during the period. Venturi Wealth Management LLC boosted its position in Knight-Swift Transportation by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock valued at $62,000 after buying an additional 292 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Knight-Swift Transportation in the 3rd quarter worth approximately $378,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Knight-Swift Transportation by 2.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,622 shares of the transportation company’s stock worth $16,920,000 after buying an additional 8,283 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KNX shares. Benchmark began coverage on shares of Knight-Swift Transportation in a research note on Tuesday, March 4th. They issued a “buy” rating and a $63.00 target price on the stock. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Citigroup raised Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price target on the stock in a research report on Monday, March 10th. Finally, Bank of America lifted their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.41.

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.