Zurcher Kantonalbank Zurich Cantonalbank Acquires 16,429 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 53.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 47,185 shares of the transportation company’s stock after acquiring an additional 16,429 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Knight-Swift Transportation were worth $2,720,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Knight-Swift Transportation by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 14,964,291 shares of the transportation company’s stock valued at $750,459,000 after buying an additional 54,133 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Knight-Swift Transportation by 4.5% in the 3rd quarter. Nordea Investment Management AB now owns 1,251,000 shares of the transportation company’s stock valued at $62,950,000 after buying an additional 54,076 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Knight-Swift Transportation by 22.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 205,951 shares of the transportation company’s stock valued at $10,328,000 after buying an additional 37,934 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Knight-Swift Transportation by 3,637.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 185,626 shares of the transportation company’s stock valued at $10,701,000 after buying an additional 180,659 shares in the last quarter. Finally, Comerica Bank bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at $4,674,000. Institutional investors own 88.77% of the company’s stock.

Insider Activity at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the completion of the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at approximately $287,836.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KNX. Susquehanna lowered their price objective on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Stifel Nicolaus reduced their target price on shares of Knight-Swift Transportation from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Barclays reduced their target price on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. TD Cowen reduced their target price on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Bank of America reduced their target price on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and a consensus price target of $57.77.

Knight-Swift Transportation Trading Up 0.0 %

Knight-Swift Transportation stock opened at $48.16 on Tuesday. The firm has a 50-day moving average of $54.35 and a 200-day moving average of $54.26. Knight-Swift Transportation Holdings Inc. has a one year low of $45.73 and a one year high of $60.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 36.21, a P/E/G ratio of 1.66 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.38). Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.92 billion. On average, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.93 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a $0.16 dividend. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 48.12%.

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.