UBS Asset Management Americas Inc. increased its stake in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 38.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 263,530 shares of the transportation company’s stock after buying an additional 73,149 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.15% of Knight-Swift Transportation worth $11,522,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. increased its position in shares of Knight-Swift Transportation by 6.0% during the 4th quarter. BlackRock Inc. now owns 14,341,294 shares of the transportation company’s stock valued at $627,000,000 after purchasing an additional 808,692 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Knight-Swift Transportation during the 4th quarter worth $523,000. Arizona State Retirement System boosted its position in shares of Knight-Swift Transportation by 27.4% in the fourth quarter. Arizona State Retirement System now owns 92,215 shares of the transportation company’s stock worth $4,032,000 after buying an additional 19,849 shares during the period. State of Wisconsin Investment Board boosted its position in shares of Knight-Swift Transportation by 0.5% in the fourth quarter. State of Wisconsin Investment Board now owns 449,474 shares of the transportation company’s stock worth $19,651,000 after buying an additional 2,371 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of Knight-Swift Transportation by 39.5% in the fourth quarter. Toronto Dominion Bank now owns 7,849 shares of the transportation company’s stock worth $343,000 after buying an additional 2,224 shares during the period. 80.52% of the stock is owned by hedge funds and other institutional investors.
Knight-Swift Transportation Holdings Inc (NYSE KNX) traded down $0.40 during trading hours on Wednesday, hitting $48.93. 1,965,430 shares of the stock traded hands, compared to its average volume of 2,078,213. 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 debt-to-equity ratio of 0.12, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $8,766.90, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.45 and a beta of 1.68.
Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Tuesday, January 30th. The transportation company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.13. The firm had revenue of $1.36 billion during 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 company’s quarterly revenue was up 370.2% compared to the same quarter last year. During the same period last year, the company posted $0.29 EPS. equities research analysts expect that Knight-Swift Transportation Holdings Inc will post 2.26 earnings per share for the current fiscal year.
The firm also recently declared 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 annualized dividend and a dividend yield of 0.49%. Knight-Swift Transportation’s payout ratio is 8.35%.
A number of research firms recently issued reports on KNX. Knight Equity raised Knight-Swift Transportation to a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered Knight-Swift Transportation from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 14th. KeyCorp lifted their price objective on Knight-Swift Transportation from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Morgan Stanley began coverage on Knight-Swift Transportation in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $50.00 price objective on the stock. Finally, Barclays raised shares of Knight-Swift Transportation from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $47.00 to $50.00 in a research note on Thursday, February 1st. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $49.60.
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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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