DekaBank Deutsche Girozentrale lifted its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,275 shares of the transportation company’s stock after purchasing an additional 12,232 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.28% of Knight-Swift Transportation worth $28,808,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of KNX. Accel Wealth Management acquired a new stake in Knight-Swift Transportation during the third quarter worth $26,000. Trustcore Financial Services LLC lifted its holdings in shares of Knight-Swift Transportation by 57.6% during the 3rd quarter. Trustcore Financial Services LLC now owns 520 shares of the transportation company’s stock worth $27,000 after acquiring an additional 190 shares during the period. NuWave Investment Management LLC acquired a new stake in shares of Knight-Swift Transportation during the 4th quarter valued at about $28,000. Spire Wealth Management bought a new stake in Knight-Swift Transportation in the third quarter valued at about $29,000. Finally, Van ECK Associates Corp acquired a new position in Knight-Swift Transportation in the fourth quarter worth about $46,000. 85.99% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Dustin Ohlman sold 2,022 shares of the stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $57.16, for a total value of $115,577.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Garnreiter sold 2,000 shares of Knight-Swift Transportation stock in a transaction on Friday, February 25th. The stock was sold at an average price of $54.37, for a total value of $108,740.00. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
Shares of Knight-Swift Transportation stock traded down $0.33 during midday trading on Monday, reaching $46.77. The company had a trading volume of 14,996 shares, compared to its average volume of 1,724,712. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $53.16 and a 200 day simple moving average of $55.38. Knight-Swift Transportation Holdings Inc. has a 1-year low of $44.22 and a 1-year high of $62.29. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.60 and a beta of 1.27.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last released its earnings results on Wednesday, January 26th. The transportation company reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.18. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Knight-Swift Transportation had a return on equity of 12.66% and a net margin of 12.39%. The business’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same period last year, the firm earned $0.94 EPS. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 5.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 28th. Shareholders of record on Friday, March 4th were issued a dividend of $0.12 per share. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.03%. The ex-dividend date was Thursday, March 3rd. Knight-Swift Transportation’s payout ratio is currently 10.81%.
Knight-Swift Transportation Profile (Get Rating)
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.
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