Moore Capital Management LP Has $8.77 Million Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Moore Capital Management LP raised its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,389 shares of the transportation company’s stock after purchasing an additional 23,196 shares during the period. Moore Capital Management LP’s holdings in Knight-Swift Transportation were worth $8,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Interval Partners LP boosted its holdings in Knight-Swift Transportation by 320.7% during the fourth quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company’s stock valued at $93,076,000 after acquiring an additional 1,337,727 shares during the period. Junto Capital Management LP acquired a new stake in Knight-Swift Transportation in the 4th quarter valued at approximately $34,355,000. Hudson Bay Capital Management LP lifted its holdings in shares of Knight-Swift Transportation by 70.9% during the fourth quarter. Hudson Bay Capital Management LP now owns 252,708 shares of the transportation company’s stock worth $13,404,000 after buying an additional 104,859 shares during the last quarter. Ethic Inc. boosted its position in shares of Knight-Swift Transportation by 24.6% in the fourth quarter. Ethic Inc. now owns 16,376 shares of the transportation company’s stock valued at $869,000 after acquiring an additional 3,238 shares during the period. Finally, Ensign Peak Advisors Inc grew its stake in shares of Knight-Swift Transportation by 3.9% in the fourth quarter. Ensign Peak Advisors Inc now owns 1,541,798 shares of the transportation company’s stock worth $81,777,000 after acquiring an additional 58,102 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Insider Buying and Selling at Knight-Swift Transportation

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

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $42.43 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 58.12 and a beta of 1.18. The stock’s 50-day moving average is $42.43 and its 200-day moving average is $50.53. 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 posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $0.12 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation’s dividend payout ratio is presently 76.60%.

Analyst Ratings Changes

KNX has been the topic of a number of recent research reports. Susquehanna decreased their target price on Knight-Swift Transportation from $54.00 to $45.00 and set a “positive” rating on the stock in a research report on Thursday, April 24th. Raymond James lowered their price objective on Knight-Swift Transportation from $66.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 11th. TD Cowen reduced their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus reduced their price objective on Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Finally, Bank of America downgraded Knight-Swift Transportation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $66.00 to $46.00 in a research report on Tuesday, April 1st. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and an average target price of $50.60.

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.