Sigma Planning Corp bought a new position in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) during the 4th quarter, HoldingsChannel reports. The fund bought 10,476 shares of the transportation company’s stock, valued at approximately $263,000.
Other large investors have also recently made changes to their positions in the company. FMR LLC increased its position in shares of Knight-Swift Transportation by 529.0% in the 3rd quarter. FMR LLC now owns 9,946,041 shares of the transportation company’s stock valued at $342,939,000 after purchasing an additional 8,364,913 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at approximately $81,221,000. Ceredex Value Advisors LLC purchased a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at approximately $51,003,000. NWQ Investment Management Company LLC purchased a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at approximately $46,045,000. Finally, Wasatch Advisors Inc. increased its position in shares of Knight-Swift Transportation by 26.2% in the 3rd quarter. Wasatch Advisors Inc. now owns 4,543,600 shares of the transportation company’s stock valued at $156,663,000 after purchasing an additional 942,617 shares during the last quarter. 82.33% of the stock is currently owned by institutional investors.
KNX has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Morgan Stanley set a $53.00 target price on shares of Knight-Swift Transportation and gave the company a “buy” rating in a report on Monday, October 22nd. ValuEngine upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Friday, October 26th. KeyCorp lowered their target price on shares of Knight-Swift Transportation from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, October 25th. Finally, Robert W. Baird lowered their target price on shares of Knight-Swift Transportation from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Knight-Swift Transportation presently has a consensus rating of “Buy” and a consensus target price of $45.17.
Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Tuesday, January 29th. The transportation company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.01. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Knight-Swift Transportation had a net margin of 7.85% and a return on equity of 8.46%. Knight-Swift Transportation’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. As a group, research analysts expect that Knight-Swift Transportation Holdings Inc will post 2.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Monday, March 4th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Friday, March 1st. Knight-Swift Transportation’s dividend payout ratio is currently 9.38%.
In related news, insider Jerry Moyes sold 1,173,680 shares of the stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $24.98, for a total transaction of $29,318,526.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert E. Synowicki, Jr. purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The shares were acquired at an average price of $28.83 per share, with a total value of $28,830.00. The disclosure for this purchase can be found here. 27.50% of the stock is owned by corporate insiders.
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Knight-Swift Transportation Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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