First Horizon Advisors Inc. Purchases 283 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

First Horizon Advisors Inc. raised its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 61.7% in the fourth quarter, HoldingsChannel reports. The firm owned 742 shares of the transportation company’s stock after buying an additional 283 shares during the quarter. First Horizon Advisors Inc.’s holdings in Knight-Swift Transportation were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its position in Knight-Swift Transportation by 136.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after buying an additional 385 shares during the period. Blue Trust Inc. grew 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 acquiring an additional 326 shares during the period. Planned Solutions Inc. bought a new position in Knight-Swift Transportation in the 4th quarter worth $92,000. Avior Wealth Management LLC purchased a new position in Knight-Swift Transportation during the fourth quarter valued at $150,000. Finally, Signaturefd LLC grew its holdings in Knight-Swift Transportation by 35.2% during the fourth quarter. Signaturefd LLC now owns 2,855 shares of the transportation company’s stock valued at $165,000 after purchasing an additional 743 shares during the period. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX opened at $48.33 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $7.81 billion, a PE ratio of 72.13, a P/E/G ratio of 2.44 and a beta of 1.03. The stock has a fifty day moving average price of $51.91 and a 200 day moving average price of $54.11. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07). The firm 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 revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. Sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.29 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, June 7th. Knight-Swift Transportation’s payout ratio is 95.52%.

Insider Activity

In other news, CAO Cary M. Flanagan sold 2,000 shares of the company’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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

KNX has been the subject of a number of recent analyst reports. Susquehanna dropped their price target on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Barclays dropped their price target on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Bank of America decreased their price target on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Evercore ISI dropped their target price on shares of Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating on the stock in a research note on Thursday, April 25th. Finally, Loop Capital downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and reduced their target price for the stock from $63.00 to $53.00 in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation currently has an average rating of “Hold” and a consensus price target of $57.71.

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.