Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 6,002 shares of the transportation company’s stock, valued at approximately $315,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in Knight-Swift Transportation by 42.4% in the fourth quarter. Fifth Third Bancorp now owns 594 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 177 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Knight-Swift Transportation by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,000 shares of the transportation company’s stock worth $2,254,000 after purchasing an additional 300 shares during the period. Mader & Shannon Wealth Management Inc. increased its position in shares of Knight-Swift Transportation by 15.4% in the fourth quarter. Mader & Shannon Wealth Management Inc. now owns 155,472 shares of the transportation company’s stock worth $8,148,000 after acquiring an additional 20,731 shares in the last quarter. Occidental Asset Management LLC raised its holdings in shares of Knight-Swift Transportation by 0.8% during the fourth quarter. Occidental Asset Management LLC now owns 38,382 shares of the transportation company’s stock valued at $2,012,000 after acquiring an additional 293 shares during the period. Finally, Xponance Inc. boosted its stake in Knight-Swift Transportation by 12.3% in the 4th quarter. Xponance Inc. now owns 21,273 shares of the transportation company’s stock worth $1,115,000 after purchasing an additional 2,332 shares during the period. Institutional investors and hedge funds own 89.95% of the company’s stock.
Knight-Swift Transportation Trading Down 0.7 %
Shares of Knight-Swift Transportation stock opened at $54.58 on Friday. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $42.50 and a fifty-two week high of $64.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $8.78 billion, a P/E ratio of 11.54, a P/E/G ratio of 0.91 and a beta of 1.16. The company has a fifty day moving average of $57.44 and a 200 day moving average of $54.15.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last posted its earnings results on Thursday, January 26th. The transportation company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.13). Knight-Swift Transportation had a net margin of 10.38% and a return on equity of 12.17%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 3.99 earnings per share for the current fiscal year.
Knight-Swift Transportation Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 27th. Investors of record on Friday, March 3rd were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.03%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.12. Knight-Swift Transportation’s payout ratio is presently 11.84%.
Wall Street Analyst Weigh In
Several research firms have weighed in on KNX. Wells Fargo & Company raised their target price on Knight-Swift Transportation from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, January 27th. TD Cowen upped their price objective on Knight-Swift Transportation from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, March 22nd. Susquehanna downgraded Knight-Swift Transportation from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $63.00 to $60.00 in a report on Monday, January 9th. Barclays boosted their target price on shares of Knight-Swift Transportation from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, February 6th. Finally, Citigroup increased their price objective on shares of Knight-Swift Transportation from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.78.
Knight-Swift Transportation Profile
Knight-Swift Transportation Holdings, Inc engages in the provision of multiple truckload transportation and logistics services. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment comprises irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.
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