Susquehanna Fundamental Investments LLC Invests $7.83 Million in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 147,525 shares of the transportation company’s stock, valued at approximately $7,825,000. Susquehanna Fundamental Investments LLC owned approximately 0.09% of Knight-Swift Transportation at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in 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 buying an additional 322 shares in the last quarter. UMB Bank n.a. lifted 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 lifted its holdings in Knight-Swift Transportation by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after buying an additional 213 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after buying an additional 208 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its holdings in shares of Knight-Swift Transportation by 167.2% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 836 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Analyst Ratings Changes

KNX has been the subject of several research reports. JPMorgan Chase & Co. lowered their price target on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $63.00 price target on shares of Knight-Swift Transportation in a research report on Monday, April 14th. Susquehanna lowered their price target on shares of Knight-Swift Transportation from $54.00 to $45.00 and set a “positive” rating for the company in a research report on Thursday. UBS Group lowered their price target on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group lowered their price target on shares of Knight-Swift Transportation from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.60.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $226,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

Knight-Swift Transportation Trading Down 3.5 %

Shares of Knight-Swift Transportation stock opened at $38.93 on Monday. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 53.33 and a beta of 1.16. The firm’s 50 day simple moving average is $44.40 and its two-hundred day simple moving average is $51.32.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a dividend of $0.18 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.85%. Knight-Swift Transportation’s dividend payout ratio is presently 76.60%.

Knight-Swift Transportation Profile

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.