Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock Holdings Raised by Nuveen Asset Management LLC

Nuveen Asset Management LLC grew its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 13.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 469,278 shares of the transportation company’s stock after buying an additional 57,255 shares during the period. Nuveen Asset Management LLC’s holdings in Knight-Swift Transportation were worth $24,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in KNX. Interval Partners LP increased its holdings in shares of Knight-Swift Transportation by 320.7% in the 4th quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company’s stock valued at $93,076,000 after acquiring an additional 1,337,727 shares during the last quarter. Norges Bank bought a new stake in shares of Knight-Swift Transportation in the 4th quarter valued at approximately $65,839,000. Junto Capital Management LP bought a new stake in shares of Knight-Swift Transportation in the 4th quarter valued at approximately $34,355,000. Ceredex Value Advisors LLC grew its position in shares of Knight-Swift Transportation by 59.5% during the 4th quarter. Ceredex Value Advisors LLC now owns 1,435,562 shares of the transportation company’s stock valued at $76,142,000 after buying an additional 535,518 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Knight-Swift Transportation by 36.8% during the 4th quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company’s stock valued at $100,004,000 after buying an additional 507,370 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Trading Down 0.2%

NYSE:KNX opened at $43.51 on Friday. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 59.61 and a beta of 1.18. The business has a fifty day moving average of $42.11 and a 200-day moving average of $50.08. 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 released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 76.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective 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, April 24th. Evercore ISI lowered their price objective on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an “in-line” rating for the company in a research report on Thursday, April 24th. Bank of America boosted their price objective on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Barclays lowered their price objective on 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. Finally, Wall Street Zen upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.73.

Insider Activity

In related news, Director Douglas L. Col acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $226,850. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

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.