Tokio Marine Asset Management Co. Ltd. Purchases 823 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNXFree Report) by 17.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,515 shares of the transportation company’s stock after purchasing an additional 823 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Knight-Swift Transportation were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNX. Victory Capital Management Inc. raised its holdings in Knight-Swift Transportation by 908.9% during the 4th quarter. Victory Capital Management Inc. now owns 4,181,899 shares of the transportation company’s stock worth $241,086,000 after purchasing an additional 3,767,408 shares during the last quarter. Norges Bank bought a new stake in Knight-Swift Transportation during the 4th quarter worth about $201,232,000. Wellington Management Group LLP raised its holdings in Knight-Swift Transportation by 15.7% during the 4th quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock worth $906,016,000 after purchasing an additional 2,137,296 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Knight-Swift Transportation by 225.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 865,235 shares of the transportation company’s stock worth $49,881,000 after purchasing an additional 599,193 shares during the last quarter. Finally, Fiera Capital Corp increased its stake in shares of Knight-Swift Transportation by 4,385.6% in the 4th quarter. Fiera Capital Corp now owns 391,371 shares of the transportation company’s stock valued at $22,563,000 after acquiring an additional 382,646 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Evercore ISI lowered their price target on Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. Stephens lowered their price target on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Bank of America lowered 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. Stifel Nicolaus cut Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their price target for the company from $53.00 to $47.00 in a research note on Friday, April 26th. Finally, Wells Fargo & Company assumed coverage on Knight-Swift Transportation in a research note on Friday, June 7th. They issued an “overweight” rating and a $56.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $56.54.

Check Out Our Latest Analysis on Knight-Swift Transportation

Knight-Swift Transportation Trading Down 0.2 %

NYSE:KNX opened at $49.33 on Tuesday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $60.99. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $48.29 and a two-hundred day moving average price of $52.77. The company has a market cap of $7.97 billion, a P/E ratio of 73.63, a price-to-earnings-growth ratio of 1.25 and a beta of 0.94.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last released its quarterly 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). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $0.73 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. As a group, analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.26 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Monday, June 10th. Knight-Swift Transportation’s payout ratio is presently 95.52%.

About Knight-Swift Transportation

(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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