Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.8% during the 4th quarter, Holdings Channel reports. The fund owned 10,997 shares of the transportation company’s stock after purchasing an additional 300 shares during the period. Daiwa Securities Group Inc.’s holdings in Knight-Swift Transportation were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its position in Knight-Swift Transportation by 13.0% during the 3rd quarter. CWM LLC now owns 3,063 shares of the transportation company’s stock worth $154,000 after purchasing an additional 352 shares during the period. AE Wealth Management LLC grew its holdings in Knight-Swift Transportation by 3.4% during the third quarter. AE Wealth Management LLC now owns 23,325 shares of the transportation company’s stock worth $1,170,000 after acquiring an additional 769 shares during the period. SG Americas Securities LLC raised its position in Knight-Swift Transportation by 200.8% during the third quarter. SG Americas Securities LLC now owns 28,538 shares of the transportation company’s stock valued at $1,431,000 after acquiring an additional 19,052 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Knight-Swift Transportation by 5.0% in the third quarter. Asset Management One Co. Ltd. now owns 61,295 shares of the transportation company’s stock valued at $3,074,000 after acquiring an additional 2,912 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its position in Knight-Swift Transportation by 12.2% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 13,279 shares of the transportation company’s stock worth $666,000 after purchasing an additional 1,445 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

NYSE KNX opened at $47.14 on Friday. 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 stock’s 50 day simple moving average is $53.72 and its 200-day simple moving average is $54.17. The company has a market cap of $7.61 billion, a PE ratio of 70.36, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.73 and a 1-year high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.53%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.31 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.14. Knight-Swift Transportation’s dividend payout ratio is currently 95.52%.

Analyst Ratings Changes

Several research firms have recently weighed in on KNX. Evercore ISI cut their target price on shares of Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating for the company in a report on Thursday. TD Cowen cut their price objective on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Stephens lowered their target price on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Barclays dropped their target price on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. reduced their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.14.

Insider Buying and Selling at Knight-Swift Transportation

In other news, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the transaction, 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 legal filing with the SEC, which is available at the SEC website. 3.00% of the stock is owned by insiders.

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.