Adams Diversified Equity Fund Inc. Purchases New Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Adams Diversified Equity Fund Inc. bought a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 241,400 shares of the transportation company's stock, valued at approximately $10,498,000. Adams Diversified Equity Fund Inc. owned about 0.15% of Knight-Swift Transportation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of Knight-Swift Transportation by 6.8% in the 4th quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company's stock worth $423,265,000 after purchasing an additional 506,491 shares during the period. Dimensional Fund Advisors LP increased its holdings in Knight-Swift Transportation by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company's stock valued at $370,819,000 after buying an additional 505,543 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Knight-Swift Transportation by 1.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company's stock worth $188,632,000 after acquiring an additional 63,241 shares during the period. Franklin Resources Inc. raised its position in Knight-Swift Transportation by 36.8% in the fourth quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company's stock worth $100,004,000 after acquiring an additional 507,370 shares during the period. Finally, Interval Partners LP boosted its stake in shares of Knight-Swift Transportation by 320.7% during the 4th quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock worth $93,076,000 after acquiring an additional 1,337,727 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on KNX. Wells Fargo & Company raised their target price on Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Susquehanna upped their price target on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research report on Tuesday. Stifel Nicolaus lowered their price objective on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Barclays lowered their price objective on Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group decreased their target price on shares of 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. Six equities 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 company. According to data from MarketBeat.com, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and an average target price of $53.13.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX traded up $0.25 during midday trading on Thursday, reaching $44.27. 2,988,133 shares of the company were exchanged, compared to its average volume of 2,381,224. The stock has a market cap of $7.17 billion, a PE ratio of 47.09, a price-to-earnings-growth ratio of 0.65 and a beta of 1.18. The business's fifty day moving average is $42.81 and its two-hundred day moving average is $47.85. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30.

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. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. The business's revenue was up 1.3% on a year-over-year basis. As a group, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.63%. The ex-dividend date was Monday, June 9th. Knight-Swift Transportation's dividend payout ratio is presently 76.60%.

Knight-Swift Transportation 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.