Duality Advisers LP Takes Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Duality Advisers LP acquired a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,700 shares of the transportation company’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Knight-Swift Transportation by 0.4% in the third quarter. Vanguard Group Inc. now owns 14,964,291 shares of the transportation company’s stock valued at $750,459,000 after acquiring an additional 54,133 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Knight-Swift Transportation by 15.2% in the third quarter. Wellington Management Group LLP now owns 13,578,508 shares of the transportation company’s stock valued at $680,962,000 after acquiring an additional 1,794,133 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Knight-Swift Transportation by 5.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,060,156 shares of the transportation company’s stock valued at $176,418,000 after purchasing an additional 167,691 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Knight-Swift Transportation by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 2,724,604 shares of the transportation company’s stock valued at $136,639,000 after purchasing an additional 132,214 shares during the last quarter. Finally, Ceredex Value Advisors LLC lifted its stake in Knight-Swift Transportation by 9.7% during the third quarter. Ceredex Value Advisors LLC now owns 1,822,642 shares of the transportation company’s stock valued at $91,405,000 after purchasing an additional 161,651 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

Insider Transactions at Knight-Swift Transportation

In other news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction on Thursday, February 29th. The shares were 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 in the company, valued at approximately $287,836.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on KNX. Barclays cut their target price on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. cut their target price on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Stephens cut their target price on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Evercore ISI cut their target price on shares of Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating for the company in a research note on Thursday. Finally, Robert W. Baird cut their target price on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $57.71.

Knight-Swift Transportation Stock Down 0.6 %

Knight-Swift Transportation stock opened at $46.88 on Friday. The firm has a market cap of $7.57 billion, a PE ratio of 69.97, a P/E/G ratio of 2.41 and a beta of 0.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.94 and a current ratio of 0.93. The firm’s 50 day moving average price is $53.52 and its two-hundred day moving average price is $54.15. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.73 and a twelve month high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.07). The company had revenue of $1.80 billion during 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 2.54%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 EPS. On average, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.31 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a dividend of $0.16 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.37%. Knight-Swift Transportation’s dividend payout ratio is 95.52%.

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.