Cetera Investment Advisers Grows Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Cetera Investment Advisers boosted its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,921 shares of the transportation company’s stock after buying an additional 460 shares during the quarter. Cetera Investment Advisers’ holdings in Knight-Swift Transportation were worth $738,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Voya Investment Management LLC lifted its stake in shares of Knight-Swift Transportation by 0.9% during the 4th quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company’s stock worth $1,090,000 after acquiring an additional 192 shares during the last quarter. Benjamin Edwards Inc. increased its stake in Knight-Swift Transportation by 3.3% in the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company’s stock worth $355,000 after purchasing an additional 216 shares during the period. Signaturefd LLC lifted its position in shares of Knight-Swift Transportation by 8.5% during the fourth quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock worth $147,000 after purchasing an additional 218 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Knight-Swift Transportation by 6.1% during the fourth quarter. Bessemer Group Inc. now owns 3,882 shares of the transportation company’s stock valued at $206,000 after purchasing an additional 222 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Knight-Swift Transportation by 4.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company’s stock worth $281,000 after purchasing an additional 235 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Insider Transactions at Knight-Swift Transportation

In related news, Director Douglas L. Col acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $226,850. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $42.86 on Monday. The company has a market capitalization of $6.95 billion, a PE ratio of 58.72 and a beta of 1.18. The company has a 50-day simple moving average of $42.04 and a two-hundred day simple moving average of $49.90. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the business posted $0.12 EPS. Knight-Swift Transportation’s revenue was up 1.3% on a year-over-year basis. Research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 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 23rd. Stockholders of record on Monday, June 9th will be given a $0.18 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.68%. Knight-Swift Transportation’s payout ratio is 76.60%.

Wall Street Analyst Weigh In

Several research firms recently commented on KNX. TD Securities reduced their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus reduced their target price on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Barclays decreased their price target on shares of Knight-Swift Transportation from $62.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Susquehanna dropped their price objective on Knight-Swift Transportation from $54.00 to $45.00 and set a “positive” rating on the stock in a research note on Thursday, April 24th. Finally, Evercore ISI reduced their price objective on Knight-Swift Transportation from $49.00 to $44.00 and set an “in-line” rating on the stock in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and an average price target of $50.73.

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.