Quadrant Capital Group LLC Purchases 375 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Quadrant Capital Group LLC grew its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 21.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,139 shares of the transportation company’s stock after buying an additional 375 shares during the period. Quadrant Capital Group LLC’s holdings in Knight-Swift Transportation were worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions at Knight-Swift Transportation

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

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $43.00 on Thursday. The stock has a fifty day moving average of $48.09 and a 200-day moving average of $52.38. The stock has a market capitalization of $6.96 billion, a P/E ratio of 58.90 and a beta of 1.16. 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 52 week low of $36.69 and a 52 week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s payout ratio is presently 98.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KNX. Susquehanna reduced their price objective on Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating for the company in a report on Wednesday, March 26th. Benchmark initiated coverage on Knight-Swift Transportation in a report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 price objective on the stock. 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 report on Tuesday, April 1st. StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $56.94.

Knight-Swift Transportation Company 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.