International Assets Investment Management LLC Buys Shares of 4,670 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

International Assets Investment Management LLC bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,670 shares of the transportation company’s stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its position in shares of Knight-Swift Transportation by 136.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock worth $38,000 after purchasing an additional 385 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new position in shares of Knight-Swift Transportation during the 3rd quarter worth about $42,000. Blue Trust Inc. increased its stake in Knight-Swift Transportation by 80.3% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 326 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Knight-Swift Transportation by 25.0% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 200 shares during the period. Finally, Planned Solutions Inc. bought a new position in Knight-Swift Transportation during the fourth quarter valued at about $92,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KNX. Stephens lowered their price target on 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. TD Cowen lowered their price target on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Robert W. Baird lowered their price target on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday. Loop Capital lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their price target for the company from $63.00 to $53.00 in a research note on Thursday, April 18th. Finally, Evercore ISI lowered their price objective on Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.71.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $46.89 on Friday. The company has a market capitalization of $7.57 billion, a PE ratio of 69.99, a PEG ratio of 2.41 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.73 and a 12 month high of $60.99. The company has a current ratio of 0.93, a quick ratio of 0.94 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $53.52 and its 200 day simple moving average is $54.18.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.07). The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS. On average, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.31 EPS for the current 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 dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis 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 95.52%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at approximately $287,836.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.

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.