Sigma Planning Corp acquired a new stake in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 10,476 shares of the transportation company’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Paradigm Asset Management Co. LLC purchased a new position in Knight-Swift Transportation in the 3rd quarter worth approximately $53,000. We Are One Seven LLC purchased a new position in Knight-Swift Transportation in the 4th quarter worth approximately $74,000. Belpointe Asset Management LLC purchased a new position in Knight-Swift Transportation in the 3rd quarter worth approximately $104,000. Stratos Wealth Partners LTD. purchased a new stake in Knight-Swift Transportation during the 3rd quarter valued at $135,000. Finally, First Interstate Bank purchased a new stake in Knight-Swift Transportation during the 3rd quarter valued at $194,000. 82.33% of the stock is currently owned by hedge funds and other institutional investors.

KNX opened at $31.10 on Monday. Knight-Swift Transportation Holdings Inc has a 52 week low of $23.27 and a 52 week high of $50.35. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 0.77 and a beta of 1.95. The company has a quick ratio of 1.43, a current ratio of 1.48 and a debt-to-equity ratio of 0.12.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Tuesday, January 29th. The transportation company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.92 by $0.01. Knight-Swift Transportation had a net margin of 7.85% and a return on equity of 8.46%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc will post 2.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Monday, March 4th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, March 1st. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 9.38%.

In other news, Director Robert E. Synowicki, Jr. acquired 1,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, December 12th. The shares were bought at an average cost of $28.83 per share, with a total value of $28,830.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jerry Moyes sold 1,173,680 shares of the stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $24.98, for a total transaction of $29,318,526.40. The disclosure for this sale can be found here. 27.50% of the stock is owned by corporate insiders.

A number of equities research analysts have weighed in on KNX shares. Morgan Stanley set a $53.00 target price on shares of Knight-Swift Transportation and gave the company a “buy” rating in a research note on Monday, October 22nd. Loop Capital boosted their target price on shares of Knight-Swift Transportation from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, October 26th. Zacks Investment Research upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Monday, November 26th. Goldman Sachs Group upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $46.00 to $48.00 in a research note on Thursday, November 8th. They noted that the move was a valuation call. Finally, TheStreet lowered Knight-Swift Transportation from a “b-” rating to a “c+” rating in a research note on Thursday, December 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.17.

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Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.

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

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