Signaturefd LLC Buys 743 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Signaturefd LLC lifted its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 35.2% in the 4th quarter, HoldingsChannel reports. The fund owned 2,855 shares of the transportation company’s stock after purchasing an additional 743 shares during the period. Signaturefd LLC’s holdings in Knight-Swift Transportation were worth $165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. RIA Advisory Group LLC bought a new stake in shares of Knight-Swift Transportation during the fourth quarter worth about $300,000. Daiwa Securities Group Inc. increased its position in shares of Knight-Swift Transportation by 2.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 10,997 shares of the transportation company’s stock worth $634,000 after acquiring an additional 300 shares in the last quarter. Avior Wealth Management LLC bought a new stake in shares of Knight-Swift Transportation during the fourth quarter worth about $150,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Knight-Swift Transportation by 53.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,185 shares of the transportation company’s stock worth $2,720,000 after acquiring an additional 16,429 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. increased its position in shares of Knight-Swift Transportation by 1.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 33,361 shares of the transportation company’s stock worth $1,923,000 after acquiring an additional 361 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on KNX. Bank of America decreased their target price on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Barclays decreased their target price on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Susquehanna cut their price target on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. TD Cowen cut their price target on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. cut their price target on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.71.

Knight-Swift Transportation Stock Down 0.5 %

KNX opened at $46.89 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 69.99, a PEG ratio of 2.39 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.73 and a twelve month high of $60.99. The company’s 50-day moving average price is $53.52 and its two-hundred day moving average price is $54.22.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results 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). The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. As a group, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.31 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared 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 is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio is presently 95.52%.

Insider Activity at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation 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.