Hudson Edge Investment Partners Inc. Purchases 6,256 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Hudson Edge Investment Partners Inc. increased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 60.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,667 shares of the transportation company’s stock after acquiring an additional 6,256 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Knight-Swift Transportation were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Knight-Swift Transportation in the third quarter worth about $3,729,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Knight-Swift Transportation by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock worth $61,878,000 after buying an additional 26,346 shares during the last quarter. Stanley Laman Group Ltd. bought a new stake in Knight-Swift Transportation during the fourth quarter valued at approximately $3,021,000. Jane Street Group LLC increased its holdings in Knight-Swift Transportation by 30.9% during the third quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock valued at $3,771,000 after buying an additional 16,500 shares during the last quarter. Finally, Paloma Partners Management Co increased its holdings in Knight-Swift Transportation by 681.6% during the third quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock valued at $3,237,000 after buying an additional 52,323 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KNX shares. Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $48.00 to $67.00 in a research report on Friday, January 3rd. Citigroup lowered Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target for the company. in a report on Tuesday, November 12th. Bank of America upped their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. The Goldman Sachs Group lifted their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, Raymond James increased their target price on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.38.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $52.02 on Friday. The company has a market cap of $8.42 billion, a P/E ratio of 71.25 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The firm’s fifty day moving average is $54.66 and its two-hundred day moving average is $54.06.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share 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%. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company 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. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio is currently 87.67%.

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.