OMERS ADMINISTRATION Corp Acquires 1,120 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

OMERS ADMINISTRATION Corp increased its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 20.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,713 shares of the transportation company’s stock after purchasing an additional 1,120 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Knight-Swift Transportation were worth $356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Stanley Laman Group Ltd. bought a new stake in shares of Knight-Swift Transportation during the fourth quarter worth approximately $3,021,000. Charles Schwab Investment Management Inc. raised its stake in shares of Knight-Swift Transportation by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company’s stock worth $62,340,000 after buying an additional 28,387 shares during the last quarter. New England Research & Management Inc. raised its stake in shares of Knight-Swift Transportation by 199.2% during the fourth quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company’s stock worth $1,571,000 after buying an additional 19,725 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Knight-Swift Transportation during the fourth quarter worth approximately $749,000. Finally, Blair William & Co. IL raised its stake in shares of Knight-Swift Transportation by 40.0% during the fourth quarter. Blair William & Co. IL now owns 5,433 shares of the transportation company’s stock worth $288,000 after buying an additional 1,551 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $226,850. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Stock Down 0.4%

Knight-Swift Transportation stock opened at $45.46 on Tuesday. The stock has a market capitalization of $7.37 billion, a PE ratio of 62.27 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $42.24 and a 200-day moving average of $50.23.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation’s payout ratio is 76.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KNX shares. Bank of America boosted their price target on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. TD Securities decreased their price objective on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Stifel Nicolaus decreased their price objective on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating for the company in a report on Monday, April 14th. Finally, StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and a consensus target price of $50.73.

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.