State of Wisconsin Investment Board raised its position in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 449,474 shares of the transportation company’s stock after acquiring an additional 2,371 shares during the quarter. State of Wisconsin Investment Board’s holdings in Knight-Swift Transportation were worth $19,651,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in Knight-Swift Transportation by 9.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 55,594 shares of the transportation company’s stock valued at $2,060,000 after buying an additional 4,634 shares during the period. LS Investment Advisors LLC increased its stake in Knight-Swift Transportation by 238.8% in the 3rd quarter. LS Investment Advisors LLC now owns 11,395 shares of the transportation company’s stock valued at $473,000 after buying an additional 8,032 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Knight-Swift Transportation in the 3rd quarter valued at $11,137,000. Strs Ohio increased its stake in Knight-Swift Transportation by 1,836.0% in the 3rd quarter. Strs Ohio now owns 112,290 shares of the transportation company’s stock valued at $4,665,000 after buying an additional 106,490 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in Knight-Swift Transportation by 145.3% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 38,610 shares of the transportation company’s stock valued at $1,604,000 after buying an additional 22,870 shares during the period. 79.01% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on KNX. Morgan Stanley upped their price target on shares of Knight-Swift Transportation from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Barclays raised shares of Knight-Swift Transportation from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $47.00 to $50.00 in a research note on Thursday, February 1st. UBS Group upped their price target on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. KeyCorp upped their price target on shares of Knight-Swift Transportation from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Co upped their price target on shares of Knight-Swift Transportation from $36.00 to $48.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Knight-Swift Transportation has a consensus rating of “Buy” and an average price target of $49.60.
In related news, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $43.00, for a total value of $43,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.90% of the stock is currently owned by corporate insiders.
Shares of Knight-Swift Transportation Holdings Inc (NYSE KNX) opened at $48.30 on Thursday. The company has a market cap of $8,498.08, a PE ratio of 36.80, a P/E/G ratio of 1.42 and a beta of 1.71. Knight-Swift Transportation Holdings Inc has a 12 month low of $26.68 and a 12 month high of $51.94. The company has a quick ratio of 1.32, a current ratio of 1.51 and a debt-to-equity ratio of 0.12.
Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.13. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Knight-Swift Transportation had a net margin of 12.58% and a return on equity of 5.92%. The firm’s revenue was up 370.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 EPS. equities analysts anticipate that Knight-Swift Transportation Holdings Inc will post 2.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Thursday, March 1st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.50%. Knight-Swift Transportation’s payout ratio is 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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