Ensign Peak Advisors Inc Purchases 58,102 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Ensign Peak Advisors Inc grew its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,541,798 shares of the transportation company's stock after acquiring an additional 58,102 shares during the quarter. Ensign Peak Advisors Inc owned about 0.95% of Knight-Swift Transportation worth $81,777,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stanley Laman Group Ltd. bought a new stake in Knight-Swift Transportation during the fourth quarter worth about $3,021,000. Charles Schwab Investment Management Inc. boosted its position in shares of Knight-Swift Transportation by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock worth $62,340,000 after acquiring an additional 28,387 shares in the last quarter. Principal Financial Group Inc. increased its stake in Knight-Swift Transportation by 21.5% in the third quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock valued at $35,242,000 after acquiring an additional 115,447 shares during the last quarter. New England Research & Management Inc. raised its position in Knight-Swift Transportation by 199.2% during the fourth quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company's stock valued at $1,571,000 after purchasing an additional 19,725 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Knight-Swift Transportation during the fourth quarter valued at approximately $749,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Director Douglas L. Col acquired 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 purchase, the director now owns 5,000 shares in the company, valued at $226,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Stock Performance

NYSE KNX traded down $0.64 on Thursday, hitting $45.51. 958,495 shares of the stock traded hands, compared to its average volume of 2,324,924. 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 fifty day moving average is $42.31 and its two-hundred day moving average is $50.42. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 62.35 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. As a group, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm 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. The ex-dividend date is Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a yield of 1.58%. Knight-Swift Transportation's payout ratio is 76.60%.

Analyst Upgrades and Downgrades

KNX has been the topic of several recent analyst reports. Susquehanna decreased their price target on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating on the stock in a research note on Thursday, April 24th. TD Securities dropped 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 note on Thursday, April 24th. Wells Fargo & Company cut their price objective on Knight-Swift Transportation from $55.00 to $46.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Evercore ISI reduced their price objective on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Finally, Bank of America downgraded Knight-Swift Transportation from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $66.00 to $46.00 in a research note on Tuesday, April 1st. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.