Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,777 shares of the transportation company’s stock after purchasing an additional 2,498 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Knight-Swift Transportation were worth $910,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KNX. Wellington Management Group LLP grew its stake in Knight-Swift Transportation by 15.2% during the third quarter. Wellington Management Group LLP now owns 13,578,508 shares of the transportation company’s stock worth $680,962,000 after buying an additional 1,794,133 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Knight-Swift Transportation by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,892,465 shares of the transportation company’s stock valued at $145,057,000 after purchasing an additional 347,233 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Knight-Swift Transportation by 3,637.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 185,626 shares of the transportation company’s stock worth $10,701,000 after purchasing an additional 180,659 shares during the last quarter. Citigroup Inc. raised its position in shares of Knight-Swift Transportation by 192.4% in the 3rd quarter. Citigroup Inc. now owns 86,467 shares of the transportation company’s stock valued at $4,336,000 after purchasing an additional 180,065 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of Knight-Swift Transportation by 79.9% in the 3rd quarter. Retirement Systems of Alabama now owns 397,262 shares of the transportation company’s stock valued at $19,923,000 after purchasing an additional 176,404 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

KNX stock opened at $47.14 on Friday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.73 and a 52 week high of $60.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $7.61 billion, a P/E ratio of 70.36, a P/E/G ratio of 2.48 and a beta of 0.99. The firm has a 50 day simple moving average of $53.72 and a 200 day simple moving average of $54.17.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.53%. Knight-Swift Transportation’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. Research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.31 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders 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 1.36%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio is presently 95.52%.

Analyst Ratings Changes

KNX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Loop Capital downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating and decreased their price target for the stock from $63.00 to $53.00 in a research note on Thursday, April 18th. Evercore ISI lowered their price target on Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating for the company in a report on Thursday. Barclays dropped their price objective on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Finally, TD Cowen reduced their price objective on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of “Hold” and a consensus target price of $57.71.

Insider Buying and Selling at Knight-Swift Transportation

In other news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the transaction, the chief accounting officer now owns 5,118 shares of the company’s stock, valued at approximately $287,836.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Knight-Swift Transportation 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.