Kennedy Capital Management Inc. raised its stake in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,155 shares of the transportation company’s stock after purchasing an additional 4,947 shares during the quarter. Kennedy Capital Management Inc. owned approximately 0.10% of Knight-Swift Transportation worth $7,964,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in Knight-Swift Transportation by 79.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,007 shares of the transportation company’s stock worth $131,000 after acquiring an additional 1,332 shares during the last quarter. Cigna Investments Inc. New acquired a new position in Knight-Swift Transportation during the 4th quarter worth about $206,000. Oakbrook Investments LLC acquired a new position in Knight-Swift Transportation during the 4th quarter worth about $210,000. Toronto Dominion Bank acquired a new position in Knight-Swift Transportation during the 3rd quarter worth about $234,000. Finally, Atria Investments LLC acquired a new position in Knight-Swift Transportation during the 4th quarter worth about $254,000. 80.52% of the stock is owned by institutional investors.
KNX has been the topic of a number of research reports. ValuEngine raised Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Wells Fargo & Co boosted their price objective on Knight-Swift Transportation from $36.00 to $48.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Wolfe Research raised Knight-Swift Transportation from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a report on Monday, February 5th. Barclays raised Knight-Swift Transportation from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $50.00 to $55.00 in a report on Monday, February 5th. Finally, Stephens increased their target price on Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $49.60.
Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Tuesday, January 30th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.13. Knight-Swift Transportation had a net margin of 12.58% and a return on equity of 5.92%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s revenue was up 370.2% on a year-over-year basis. analysts forecast that Knight-Swift Transportation Holdings Inc will post 2.26 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Thursday, March 1st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Wednesday, February 28th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 8.35%.
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Knight-Swift Transportation Company Profile
Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.
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