Boothbay Fund Management LLC Boosts Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Boothbay Fund Management LLC raised its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 101.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 147,005 shares of the transportation company's stock after purchasing an additional 74,088 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.09% of Knight-Swift Transportation worth $7,797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position 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 valued at $36,000 after purchasing an additional 322 shares during the period. UMB Bank n.a. boosted its holdings 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Knight-Swift Transportation by 20.5% during the 4th 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after buying an additional 208 shares in the last quarter. Finally, Arcadia Investment Management Corp MI boosted its holdings in shares of 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 buying an additional 836 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Insider Activity

In other news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $226,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company's stock.

Knight-Swift Transportation Stock Performance

KNX traded down $0.22 during trading hours on Thursday, hitting $38.95. The stock had a trading volume of 1,516,029 shares, compared to its average volume of 2,982,327. The company's fifty day simple moving average is $43.58 and its 200 day simple moving average is $51.07. 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 $6.31 billion, a PE ratio of 53.38 and a beta of 1.16. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share 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 analyst estimates of $1.83 billion. During the same quarter last year, the firm posted $0.12 EPS. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.85%. Knight-Swift Transportation's payout ratio is presently 76.60%.

Wall Street Analysts Forecast Growth

KNX has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Benchmark reiterated a "buy" rating and issued a $63.00 target price on shares of Knight-Swift Transportation in a report on Monday, April 14th. TD Cowen dropped their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. UBS Group dropped their price objective on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group dropped their price objective on Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $50.60.

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.