104,072 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 104,072 shares of the transportation company’s stock, valued at approximately $5,520,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. purchased a new position in Knight-Swift Transportation in the third quarter valued at $70,185,000. Norges Bank purchased a new position in shares of Knight-Swift Transportation in the 4th quarter valued at about $65,839,000. Victory Capital Management Inc. raised its position in shares of Knight-Swift Transportation by 6.8% during the 4th quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company’s stock worth $423,265,000 after acquiring an additional 506,491 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Knight-Swift Transportation by 34.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock worth $76,224,000 after acquiring an additional 359,566 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in Knight-Swift Transportation during the fourth quarter worth approximately $16,256,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KNX shares. Susquehanna cut their price objective on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating on the stock in a report on Wednesday. Citigroup raised Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price objective on the stock in a report on Monday, March 10th. Raymond James upped their target price on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on Knight-Swift Transportation from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Benchmark started coverage on shares of Knight-Swift Transportation in a report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 target price on the stock. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus target price of $58.59.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX opened at $43.54 on Friday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $42.72 and a 52 week high of $61.51. The company has a 50-day moving average price of $51.22 and a 200 day moving average price of $53.12. The company has a market cap of $7.05 billion, a P/E ratio of 59.65 and a beta of 0.97. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. Knight-Swift Transportation’s dividend payout ratio is 98.63%.

Insider Activity

In related news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $226,850. This represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

About Knight-Swift Transportation

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.