Envestnet Asset Management Inc. Grows Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Envestnet Asset Management Inc. boosted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 20.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 119,080 shares of the transportation company’s stock after buying an additional 20,183 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Knight-Swift Transportation worth $6,316,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KNX. Parkside Financial Bank & Trust boosted its holdings in shares of Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 322 shares during the last quarter. UMB Bank n.a. grew its holdings in Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after buying an additional 370 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after acquiring an additional 213 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after acquiring an additional 208 shares in the last quarter. Finally, Arcadia Investment Management Corp MI boosted its position in shares of Knight-Swift Transportation by 167.2% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 836 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KNX has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $63.00 price objective on shares of Knight-Swift Transportation in a research note on Monday, April 14th. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Susquehanna decreased their price target on Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating on the stock in a report on Wednesday, March 26th. Raymond James dropped their price objective on shares of Knight-Swift Transportation from $66.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, April 11th. Finally, Citigroup raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and reduced their target price for the company from $53.00 to $48.00 in a research note on Tuesday, April 8th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.93.

Knight-Swift Transportation Stock Down 2.0 %

Shares of Knight-Swift Transportation stock opened at $38.61 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 52.89 and a beta of 1.16. The firm’s 50-day moving average is $45.59 and its two-hundred day moving average is $51.64. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. As a group, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.86%. The ex-dividend date was Friday, March 7th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s payout ratio is 98.63%.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $226,850. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

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.