Jane Street Group LLC Increases Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Jane Street Group LLC boosted its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 32.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,677 shares of the transportation company’s stock after purchasing an additional 22,770 shares during the period. Jane Street Group LLC owned about 0.06% of Knight-Swift Transportation worth $4,916,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in shares of Knight-Swift Transportation by 88.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after acquiring an additional 322 shares in the last quarter. UMB Bank n.a. lifted its position in Knight-Swift Transportation by 84.3% in the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after buying an additional 370 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 213 shares in the last quarter. GAMMA Investing LLC boosted its position in Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after buying an additional 208 shares during the period. Finally, Arcadia Investment Management Corp MI boosted its holdings in Knight-Swift Transportation by 167.2% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 836 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $42.43 on Friday. The business’s fifty day moving average is $42.43 and its 200 day moving average is $50.54. The company has a market capitalization of $6.87 billion, a PE ratio of 58.12 and a beta of 1.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm posted $0.12 EPS. Knight-Swift Transportation’s quarterly revenue was up 1.3% compared to the same quarter last year. Sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, June 9th. This represents a $0.72 annualized dividend and a yield of 1.70%. Knight-Swift Transportation’s payout ratio is 76.60%.

Insider Activity

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price 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 approximately $226,850. This trade represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. TD Securities dropped their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus dropped their price target on Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Barclays cut their price objective on shares of Knight-Swift Transportation from $62.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their price objective on shares of Knight-Swift Transportation from $55.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.60.

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.