RIA Advisory Group LLC Takes $300,000 Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

RIA Advisory Group LLC acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,203 shares of the transportation company’s stock, valued at approximately $300,000.

Several other large investors also recently made changes to their positions in KNX. Wellington Management Group LLP boosted its position in shares of Knight-Swift Transportation by 15.2% during the 3rd quarter. Wellington Management Group LLP now owns 13,578,508 shares of the transportation company’s stock valued at $680,962,000 after purchasing an additional 1,794,133 shares in the last quarter. Norges Bank acquired a new position in shares of Knight-Swift Transportation in the fourth quarter worth about $90,026,000. Goldman Sachs Group Inc. boosted its holdings in shares of Knight-Swift Transportation by 94.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,841,620 shares of the transportation company’s stock worth $85,249,000 after buying an additional 892,933 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Knight-Swift Transportation in the first quarter worth about $27,013,000. Finally, Morgan Stanley boosted its holdings in shares of Knight-Swift Transportation by 8.4% in the fourth quarter. Morgan Stanley now owns 5,015,443 shares of the transportation company’s stock worth $262,859,000 after buying an additional 387,501 shares during the period. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Up 0.5 %

KNX traded up $0.26 during midday trading on Friday, hitting $48.14. 2,443,696 shares of the company’s stock traded hands, compared to its average volume of 2,116,055. The company has a market cap of $7.77 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. The stock’s fifty day simple moving average is $54.83 and its 200-day simple moving average is $54.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. Knight-Swift Transportation Holdings Inc. has a one year low of $45.73 and a one year high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.38). The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. As a group, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.3 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 48.12%.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation 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 completion of the transaction, the chief accounting officer now directly owns 5,118 shares of the company’s stock, valued at $287,836.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on KNX shares. Stifel Nicolaus decreased their target price on shares of Knight-Swift Transportation from $60.00 to $53.00 and set a “buy” rating for the company in a report on Thursday. Barclays decreased 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. Stephens decreased their target price on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday. TD Cowen decreased their target price on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating for the company in a report on Thursday. Finally, Susquehanna reduced their price target on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and an average price target of $57.77.

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.