Deutsche Bank AG Acquires 6,102 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Deutsche Bank AG boosted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 311,283 shares of the transportation company's stock after acquiring an additional 6,102 shares during the quarter. Deutsche Bank AG owned 0.19% of Knight-Swift Transportation worth $16,510,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its stake 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 acquiring an additional 322 shares in the last quarter. UMB Bank n.a. lifted 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Knight-Swift Transportation by 20.5% in 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 during the last quarter. Arcadia Investment Management Corp MI grew its holdings in shares of Knight-Swift Transportation by 167.2% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock valued at $71,000 after acquiring an additional 836 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Knight-Swift Transportation by 58.5% during the fourth quarter. Blue Trust Inc. now owns 1,669 shares of the transportation company's stock worth $90,000 after acquiring an additional 616 shares during the period. 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 firm's stock in a transaction that occurred on Thursday, March 13th. The shares were bought 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 owns 5,000 shares of the company's stock, valued at approximately $226,850. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

KNX has been the subject of several research reports. Benchmark restated a "buy" rating and set a $63.00 price target on shares of Knight-Swift Transportation in a research report on Monday, April 14th. Barclays lowered their price target on shares of Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Bank of America raised their target price on Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. UBS Group dropped their price target on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Susquehanna decreased their price objective on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating for the company in a report on Thursday, April 24th. Seven 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.73.

Knight-Swift Transportation Stock Down 1.3%

KNX stock traded down $0.60 during midday trading on Wednesday, hitting $44.66. The company's stock had a trading volume of 263,611 shares, compared to its average volume of 2,971,424. The company has a market cap of $7.24 billion, a PE ratio of 61.17 and a beta of 1.18. The firm's 50-day moving average is $42.24 and its 200-day moving average is $50.19. 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 current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Knight-Swift Transportation's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. On average, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share 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. Shareholders of record on Monday, June 9th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation's payout ratio is 76.60%.

Knight-Swift Transportation Company 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.