Tokio Marine Asset Management Co. Ltd. Increases Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Tokio Marine Asset Management Co. Ltd. boosted its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 9.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,692 shares of the transportation company’s stock after buying an additional 398 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Knight-Swift Transportation were worth $270,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its stake in Knight-Swift Transportation by 136.5% in 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 period. Blue Trust Inc. grew its position in shares of Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock worth $42,000 after buying an additional 326 shares during the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter worth approximately $42,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Knight-Swift Transportation by 25.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock worth $50,000 after buying an additional 200 shares during the last quarter. Finally, Planned Solutions Inc. bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth approximately $92,000. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Knight-Swift Transportation

In other news, CAO Cary M. Flanagan sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was 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 owns 5,118 shares of the company’s stock, valued at $287,836.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Robert W. Baird cut their price objective on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday. Susquehanna dropped their price target on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. JPMorgan Chase & Co. dropped their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Barclays dropped their price target 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, TD Cowen dropped their price target on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $57.71.

Knight-Swift Transportation Stock Down 0.5 %

KNX stock opened at $46.89 on Monday. The stock has a market capitalization of $7.57 billion, a P/E ratio of 69.99, a P/E/G ratio of 2.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.94. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.73 and a 1-year high of $60.99. The business has a fifty day moving average price of $53.52 and a 200-day moving average price of $54.22.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The firm had revenue of $1.80 billion for 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 last year, the company posted $0.73 EPS. Equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.31 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were given a $0.16 dividend. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a yield of 1.36%. Knight-Swift Transportation’s dividend payout ratio is presently 95.52%.

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.