Capstone Investment Advisors LLC Makes New Investment in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Capstone Investment Advisors LLC acquired a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 195,777 shares of the transportation company's stock, valued at approximately $10,384,000. Capstone Investment Advisors LLC owned about 0.12% of Knight-Swift Transportation at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Parkside Financial Bank & Trust raised 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 worth $36,000 after purchasing an additional 322 shares during the last quarter. UMB Bank n.a. grew its position in shares of Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock worth $43,000 after buying an additional 370 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock worth $67,000 after buying an additional 213 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Knight-Swift Transportation by 18.5% in the fourth 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 during the period. Finally, Arcadia Investment Management Corp MI grew its holdings in Knight-Swift Transportation by 167.2% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after acquiring an additional 836 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KNX shares. Citigroup raised Knight-Swift Transportation from a "neutral" rating to a "buy" rating and cut their target price for the company from $53.00 to $48.00 in a research note on Tuesday, April 8th. Barclays reduced their price objective on shares of Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased 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 report on Thursday, April 24th. Susquehanna reduced their price target on shares of Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating on the stock in a research report on Thursday, April 24th. Finally, TD Cowen lowered their price objective on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Seven equities research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.60.

Insider Activity at Knight-Swift Transportation

In related news, Director Douglas L. Col acquired 5,000 shares of the business's stock in a transaction on 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by company insiders.

Knight-Swift Transportation Stock Down 1.7 %

KNX traded down $0.74 on Friday, hitting $42.43. 2,931,917 shares of the company were exchanged, compared to its average volume of 2,310,009. The stock's fifty day moving average is $42.54 and its 200-day moving average is $50.62. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. 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 company has a market cap of $6.87 billion, a PE ratio of 58.12 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. Equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.70%. Knight-Swift Transportation's payout ratio is 76.60%.

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.