Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 216,600 shares of the transportation company’s stock, valued at approximately $9,058,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.13% of Knight-Swift Transportation as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Knight-Swift Transportation by 4.0% in the fourth quarter. BlackRock Inc. now owns 12,275,863 shares of the transportation company’s stock worth $513,377,000 after purchasing an additional 476,137 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Knight-Swift Transportation by 31.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,783,710 shares of the transportation company’s stock worth $325,515,000 after buying an additional 1,842,716 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Knight-Swift Transportation by 9.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,021,950 shares of the transportation company’s stock worth $168,198,000 after buying an additional 340,431 shares during the period. JPMorgan Chase & Co. raised its position in Knight-Swift Transportation by 13.1% during the 4th quarter. JPMorgan Chase & Co. now owns 3,079,992 shares of the transportation company’s stock worth $128,806,000 after buying an additional 356,522 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Knight-Swift Transportation by 41.4% during the 4th quarter. Morgan Stanley now owns 2,889,988 shares of the transportation company’s stock valued at $120,859,000 after acquiring an additional 845,740 shares during the period. Institutional investors and hedge funds own 86.80% of the company’s stock.
In other news, Vice Chairman Gary J. Knight sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 30th. The shares were sold at an average price of $49.00, for a total transaction of $2,450,000.00. Following the transaction, the insider now directly owns 10,285 shares in the company, valued at $503,965. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 150,000 shares of company stock worth $7,400,000 over the last quarter. 27.50% of the stock is owned by company insiders.
NYSE KNX opened at $49.69 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 0.87 and a beta of 1.19. The firm has a 50 day simple moving average of $45.57 and a 200-day simple moving average of $42.44. Knight-Swift Transportation Holdings Inc. has a one year low of $32.79 and a one year high of $50.52.
Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, January 27th. The transportation company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.03. Knight-Swift Transportation had a net margin of 7.30% and a return on equity of 6.97%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company posted $0.55 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Friday, March 5th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, March 4th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 14.75%.
Knight-Swift Transportation Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through three segments: Trucking, Logistics, and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.
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