Tower Research Capital LLC TRC Has $1.91 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Tower Research Capital LLC TRC boosted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNXFree Report) by 583.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,165 shares of the transportation company’s stock after buying an additional 28,309 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Knight-Swift Transportation were worth $1,912,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Arkadios Wealth Advisors boosted its stake in shares of Knight-Swift Transportation by 2.9% during the fourth quarter. Arkadios Wealth Advisors now owns 7,215 shares of the transportation company’s stock valued at $416,000 after purchasing an additional 205 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Knight-Swift Transportation by 0.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 40,074 shares of the transportation company’s stock valued at $2,310,000 after purchasing an additional 209 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Knight-Swift Transportation by 0.3% during the fourth quarter. Yousif Capital Management LLC now owns 77,858 shares of the transportation company’s stock valued at $4,489,000 after purchasing an additional 212 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Knight-Swift Transportation by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 74,221 shares of the transportation company’s stock valued at $4,139,000 after purchasing an additional 223 shares in the last quarter. Finally, Fiera Capital Corp boosted its stake in shares of Knight-Swift Transportation by 2.6% during the third quarter. Fiera Capital Corp now owns 8,725 shares of the transportation company’s stock valued at $438,000 after purchasing an additional 225 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KNX shares. JPMorgan Chase & Co. cut their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. TD Cowen lowered their price objective on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Barclays lowered their price objective on 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. Bank of America lowered their price objective on 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. Finally, Susquehanna lowered their target price on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.29.

View Our Latest Report on Knight-Swift Transportation

Knight-Swift Transportation Trading Down 0.2 %

NYSE KNX opened at $48.04 on Monday. The firm has a market capitalization of $7.76 billion, a P/E ratio of 71.70, a PEG ratio of 1.21 and a beta of 0.98. The business has a fifty day simple moving average of $49.12 and a 200 day simple moving average of $53.82. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $60.99. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last released its quarterly earnings results 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 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 company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share. On average, analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.26 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a $0.16 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.33%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Knight-Swift Transportation Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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