Quadrature Capital Ltd Purchases Shares of 4,515 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Quadrature Capital Ltd purchased a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,515 shares of the transportation company’s stock, valued at approximately $221,000.

Several other institutional investors have also added to or reduced their stakes in the business. Intech Investment Management LLC boosted its position in Knight-Swift Transportation by 2.5% during the third quarter. Intech Investment Management LLC now owns 8,243 shares of the transportation company’s stock valued at $403,000 after buying an additional 199 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in shares of Knight-Swift Transportation by 1.9% during the third quarter. Great Valley Advisor Group Inc. now owns 11,847 shares of the transportation company’s stock worth $580,000 after purchasing an additional 216 shares during the period. Nicollet Investment Management Inc. boosted its holdings in shares of Knight-Swift Transportation by 1.3% during the second quarter. Nicollet Investment Management Inc. now owns 17,789 shares of the transportation company’s stock worth $823,000 after purchasing an additional 236 shares during the period. Barber Financial Group Inc. boosted its holdings in shares of Knight-Swift Transportation by 1.9% during the third quarter. Barber Financial Group Inc. now owns 13,660 shares of the transportation company’s stock worth $668,000 after purchasing an additional 250 shares during the period. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Knight-Swift Transportation by 1.2% during the second quarter. Rehmann Capital Advisory Group now owns 22,984 shares of the transportation company’s stock worth $1,064,000 after purchasing an additional 269 shares during the period. 89.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KNX has been the subject of a number of analyst reports. KeyCorp increased their target price on shares of Knight-Swift Transportation from $60.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. Morgan Stanley increased their target price on shares of Knight-Swift Transportation from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, January 11th. Stifel Nicolaus increased their price target on shares of Knight-Swift Transportation from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, January 19th. Susquehanna downgraded shares of Knight-Swift Transportation from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $63.00 to $60.00 in a research note on Monday, January 9th. Finally, Citigroup increased their price target on shares of Knight-Swift Transportation from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and an average price target of $63.65.

Knight-Swift Transportation Price Performance

Shares of KNX opened at $53.53 on Tuesday. The company has a market capitalization of $8.62 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 0.93 and a beta of 1.17. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $57.84 and a 200 day moving average of $53.53. Knight-Swift Transportation Holdings Inc. has a twelve month low of $42.50 and a twelve month high of $64.35.

Knight-Swift Transportation (NYSE:KNX – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The transportation company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.13). The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.80 billion. Knight-Swift Transportation had a net margin of 10.38% and a return on equity of 12.17%. Knight-Swift Transportation’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $1.61 EPS. As a group, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 4.04 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 27th. Investors of record on Friday, March 3rd will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, March 2nd. This represents a $0.56 annualized dividend and a dividend yield of 1.05%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.12. Knight-Swift Transportation’s dividend payout ratio (DPR) is 11.84%.

Knight-Swift Transportation Company Profile

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Knight-Swift Transportation Holdings, Inc engages in the provision of multiple truckload transportation and logistics services. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment comprises irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.