GW&K Investment Management LLC boosted its stake in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 41.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,042 shares of the transportation company’s stock after buying an additional 32,397 shares during the period. GW&K Investment Management LLC owned about 0.06% of Knight-Swift Transportation worth $4,811,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Oakbrook Investments LLC bought a new stake in shares of Knight-Swift Transportation in the 4th quarter valued at approximately $210,000. Schwab Charles Investment Management Inc. boosted its position in Knight-Swift Transportation by 6.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 880,533 shares of the transportation company’s stock worth $38,497,000 after purchasing an additional 51,661 shares during the period. Atria Investments LLC bought a new stake in Knight-Swift Transportation during the fourth quarter worth approximately $254,000. DnB Asset Management AS bought a new stake in Knight-Swift Transportation during the fourth quarter worth approximately $463,000. Finally, Parametric Portfolio Associates LLC boosted its position in Knight-Swift Transportation by 149.2% during the third quarter. Parametric Portfolio Associates LLC now owns 316,336 shares of the transportation company’s stock worth $13,144,000 after purchasing an additional 189,373 shares during the period. Hedge funds and other institutional investors own 78.21% of the company’s stock.
In other news, Director Michael Garnreiter sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $43.00, for a total transaction of $43,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Todd F. Carlson sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.24, for a total value of $353,160.00. The disclosure for this sale can be found here. Company insiders own 44.90% of the company’s stock.
A number of equities research analysts have issued reports on KNX shares. KeyCorp raised Knight-Swift Transportation from a “sector weight” rating to an “overweight” rating in a research report on Tuesday, November 14th. Knight Equity upgraded Knight-Swift Transportation to a “buy” rating in a report on Sunday, November 26th. Zacks Investment Research lowered Knight-Swift Transportation from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Morgan Stanley started coverage on Knight-Swift Transportation in a report on Wednesday, December 13th. They set an “overweight” rating and a $50.00 price target for the company. Finally, Cowen upped their target price on Knight-Swift Transportation from $38.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $49.60.
Knight-Swift Transportation Holdings Inc (KNX) traded down $0.02 during trading on Wednesday, reaching $48.67. The company had a trading volume of 1,644,061 shares, compared to its average volume of 2,216,802. The company has a market capitalization of $8,478.51, a PE ratio of 16.95 and a beta of 1.71. Knight-Swift Transportation Holdings Inc has a fifty-two week low of $26.68 and a fifty-two week high of $51.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.51.
Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Tuesday, January 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.13. Knight-Swift Transportation had a return on equity of 5.92% and a net margin of 12.58%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business earned $0.29 earnings per share. The company’s revenue was up 370.2% compared to the same quarter last year. research analysts predict that Knight-Swift Transportation Holdings Inc will post 2.26 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, February 28th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 2.09%.
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Knight-Swift Transportation Company Profile
Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.
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