Invesco Ltd. Grows Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Invesco Ltd. raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 727,155 shares of the transportation company’s stock after purchasing an additional 10,954 shares during the period. Invesco Ltd. owned 0.45% of Knight-Swift Transportation worth $38,568,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Stifel Financial Corp raised its holdings in Knight-Swift Transportation by 4.9% during the 3rd quarter. Stifel Financial Corp now owns 30,408 shares of the transportation company’s stock valued at $1,641,000 after acquiring an additional 1,407 shares during the period. Jane Street Group LLC lifted its holdings in Knight-Swift Transportation by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock worth $3,771,000 after purchasing an additional 16,500 shares in the last quarter. MML Investors Services LLC boosted its stake in Knight-Swift Transportation by 4.6% in the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock worth $280,000 after purchasing an additional 228 shares during the period. Sanctuary Advisors LLC purchased a new position in Knight-Swift Transportation during the 3rd quarter valued at about $378,000. Finally, Franklin Resources Inc. bought a new stake in shares of Knight-Swift Transportation during the third quarter valued at about $70,185,000. Institutional investors own 88.77% of the company’s stock.

Analyst Upgrades and Downgrades

KNX has been the topic of a number of recent analyst reports. TD Cowen increased their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on Knight-Swift Transportation from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group cut their target price on Knight-Swift Transportation from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Citigroup upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $53.00 to $48.00 in a report on Tuesday, April 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $63.00 target price on shares of Knight-Swift Transportation in a report on Monday. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Knight-Swift Transportation Price Performance

Shares of KNX stock opened at $38.16 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The business’s 50 day moving average price is $46.50 and its 200-day moving average price is $51.91. The firm has a market cap of $6.18 billion, a P/E ratio of 52.27 and a beta of 1.16. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. On average, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced 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 an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.89%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 98.63%.

Insider Transactions at Knight-Swift Transportation

In related news, Director Douglas L. Col purchased 5,000 shares of Knight-Swift Transportation stock in a transaction dated Thursday, March 13th. The stock was purchased 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 $226,850. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

About Knight-Swift Transportation

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.