Livforsakringsbolaget Skandia Omsesidigt Acquires 3,700 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 185.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,700 shares of the transportation company’s stock after purchasing an additional 3,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Knight-Swift Transportation were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. lifted its position in Knight-Swift Transportation by 5.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,362 shares of the transportation company’s stock worth $224,000 after purchasing an additional 257 shares during the period. Profund Advisors LLC lifted its position in Knight-Swift Transportation by 3.6% during the fourth quarter. Profund Advisors LLC now owns 10,150 shares of the transportation company’s stock worth $424,000 after purchasing an additional 350 shares during the period. ProShare Advisors LLC lifted its position in Knight-Swift Transportation by 4.4% during the third quarter. ProShare Advisors LLC now owns 8,934 shares of the transportation company’s stock worth $364,000 after purchasing an additional 379 shares during the period. Parallel Advisors LLC lifted its position in Knight-Swift Transportation by 82.6% during the fourth quarter. Parallel Advisors LLC now owns 1,019 shares of the transportation company’s stock worth $43,000 after purchasing an additional 461 shares during the period. Finally, Nissay Asset Management Corp Japan ADV lifted its position in Knight-Swift Transportation by 3.2% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 17,476 shares of the transportation company’s stock worth $731,000 after purchasing an additional 537 shares during the period. 86.80% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently commented on KNX. UBS Group reissued a “neutral” rating and issued a $49.00 target price (up previously from $47.00) on shares of Knight-Swift Transportation in a report on Wednesday, March 17th. KCG raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $46.00 to $52.00 in a report on Thursday, March 4th. Cowen increased their target price on shares of Knight-Swift Transportation from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, January 28th. Knight Equity raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $46.00 to $52.00 in a report on Thursday, March 4th. Finally, Zacks Investment Research raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Knight-Swift Transportation presently has a consensus rating of “Buy” and an average target price of $50.19.

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 50,000 shares of the stock in a transaction that occurred on Tuesday, April 6th. The stock was sold at an average price of $50.00, for a total transaction of $2,500,000.00. Insiders have sold a total of 150,000 shares of company stock valued at $7,400,000 in the last three months. Insiders own 27.50% of the company’s stock.

NYSE:KNX opened at $49.69 on Thursday. The company has a market capitalization of $8.23 billion, a PE ratio of 25.48, a P/E/G ratio of 0.87 and a beta of 1.19. The company has a 50 day simple moving average of $45.57 and a two-hundred day simple moving average of $42.44. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.79 and a current ratio of 0.79. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $50.52.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, January 27th. The transportation company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Knight-Swift Transportation had a net margin of 7.30% and a return on equity of 6.97%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. Research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.65 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 5th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, March 4th. Knight-Swift Transportation’s dividend payout ratio is presently 14.75%.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through three segments: Trucking, Logistics, and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

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

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