Asset Management One Co. Ltd. Acquires 1,100 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Asset Management One Co. Ltd. increased its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,395 shares of the transportation company’s stock after buying an additional 1,100 shares during the period. Asset Management One Co. Ltd.’s holdings in Knight-Swift Transportation were worth $3,644,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in Knight-Swift Transportation by 0.9% in the 4th quarter. Arizona State Retirement System now owns 44,330 shares of the transportation company’s stock valued at $2,556,000 after purchasing an additional 397 shares during the period. State of Michigan Retirement System boosted its holdings in Knight-Swift Transportation by 1.3% in the 4th quarter. State of Michigan Retirement System now owns 46,831 shares of the transportation company’s stock valued at $2,700,000 after purchasing an additional 600 shares during the period. Oak Thistle LLC bought a new position in Knight-Swift Transportation in the 4th quarter valued at $877,000. Norris Perne & French LLP MI boosted its holdings in Knight-Swift Transportation by 0.5% in the 4th quarter. Norris Perne & French LLP MI now owns 333,903 shares of the transportation company’s stock valued at $19,250,000 after purchasing an additional 1,496 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Knight-Swift Transportation by 80.3% during the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after buying an additional 326 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Trading Up 0.9 %

NYSE:KNX opened at $52.00 on Friday. 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’s 50-day simple moving average is $55.83 and its 200 day simple moving average is $54.20. The firm has a market capitalization of $8.40 billion, a P/E ratio of 39.10, a PEG ratio of 1.49 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, January 24th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.38). The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. As a group, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.38 EPS 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. Shareholders of record on Friday, March 8th were issued a $0.16 dividend. The ex-dividend date was Thursday, March 7th. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.23%. Knight-Swift Transportation’s payout ratio is 48.12%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation 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 transaction, the chief accounting officer now directly owns 5,118 shares of the company’s stock, valued at $287,836.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

KNX has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday. Stifel Nicolaus raised their price objective on shares of Knight-Swift Transportation from $54.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Susquehanna lowered their price objective on shares of Knight-Swift Transportation from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Finally, Barclays lowered their price objective on shares of Knight-Swift Transportation from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

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.