Deutsche Bank AG Raises Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Deutsche Bank AG increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 311,283 shares of the transportation company’s stock after purchasing an additional 6,102 shares during the quarter. Deutsche Bank AG owned approximately 0.19% of Knight-Swift Transportation worth $16,510,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Stanley Laman Group Ltd. purchased a new stake in Knight-Swift Transportation in the 4th quarter valued at $3,021,000. Charles Schwab Investment Management Inc. grew its holdings in Knight-Swift Transportation by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company’s stock valued at $62,340,000 after buying an additional 28,387 shares in the last quarter. New England Research & Management Inc. grew its holdings in Knight-Swift Transportation by 199.2% in the 4th quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company’s stock valued at $1,571,000 after buying an additional 19,725 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Knight-Swift Transportation in the 4th quarter valued at $749,000. Finally, Blair William & Co. IL grew its holdings in Knight-Swift Transportation by 40.0% in the 4th quarter. Blair William & Co. IL now owns 5,433 shares of the transportation company’s stock valued at $288,000 after buying an additional 1,551 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

KNX opened at $45.53 on Friday. The stock’s 50-day moving average price is $42.28 and its 200 day moving average price is $50.37. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 62.37 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Knight-Swift Transportation’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. As a group, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation’s dividend payout ratio is currently 76.60%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KNX shares. Evercore ISI dropped their target price on Knight-Swift Transportation from $49.00 to $44.00 and set an “in-line” rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group dropped their target price on Knight-Swift Transportation from $55.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. UBS Group dropped their target price on Knight-Swift Transportation from $63.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Citigroup upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $53.00 to $48.00 in a report on Tuesday, April 8th. Finally, Stifel Nicolaus lowered their price target on Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating for the company in a report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and an average target price of $50.60.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Director Douglas L. Col purchased 5,000 shares of Knight-Swift Transportation stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate insiders.

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.