Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Position Boosted by WS Management Lllp

WS Management Lllp raised its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.5% during the 4th quarter, HoldingsChannel reports. The fund owned 203,073 shares of the transportation company’s stock after purchasing an additional 3,073 shares during the period. Knight-Swift Transportation accounts for approximately 1.0% of WS Management Lllp’s portfolio, making the stock its 16th biggest holding. WS Management Lllp’s holdings in Knight-Swift Transportation were worth $10,771,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KNX. Interval Partners LP grew its stake in shares of Knight-Swift Transportation by 320.7% in the 4th quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company’s stock valued at $93,076,000 after buying an additional 1,337,727 shares in the last quarter. Norges Bank bought a new stake in shares of Knight-Swift Transportation in the 4th quarter valued at approximately $65,839,000. Junto Capital Management LP bought a new stake in shares of Knight-Swift Transportation in the 4th quarter valued at approximately $34,355,000. Ceredex Value Advisors LLC grew its stake in shares of Knight-Swift Transportation by 59.5% in the 4th quarter. Ceredex Value Advisors LLC now owns 1,435,562 shares of the transportation company’s stock valued at $76,142,000 after buying an additional 535,518 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Knight-Swift Transportation by 36.8% in the 4th quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company’s stock valued at $100,004,000 after buying an additional 507,370 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $45.46 on Tuesday. The business has a fifty day simple moving average of $42.24 and a 200 day simple moving average of $50.23. 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 capitalization of $7.37 billion, a price-to-earnings ratio of 62.27 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $1.82 billion during 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 was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders 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 1.58%. Knight-Swift Transportation’s dividend payout ratio is currently 76.60%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

KNX has been the subject of several recent research reports. Susquehanna lowered their price target on Knight-Swift Transportation from $54.00 to $45.00 and set a “positive” rating for the company in a research note on Thursday, April 24th. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. TD Cowen decreased their target price on 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. Wells Fargo & Company decreased their target price on Knight-Swift Transportation from $55.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $63.00 target price on shares of Knight-Swift Transportation in a research report on Monday, April 14th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.73.

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.