Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 52,710 shares of the transportation company's stock, valued at approximately $2,796,000.

Several other hedge funds have also modified their holdings of the company. Stanley Laman Group Ltd. acquired a new stake in shares of Knight-Swift Transportation in the 4th quarter worth $3,021,000. Charles Schwab Investment Management Inc. boosted its position in shares of Knight-Swift Transportation by 2.5% in 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 purchasing an additional 28,387 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Knight-Swift Transportation in the 4th quarter worth $749,000. Blair William & Co. IL boosted its position in shares of Knight-Swift Transportation by 40.0% in the 4th quarter. Blair William & Co. IL now owns 5,433 shares of the transportation company's stock worth $288,000 after purchasing an additional 1,551 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Knight-Swift Transportation in the 4th quarter worth $15,111,000. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Performance

Shares of KNX stock traded up $0.51 on Friday, hitting $44.65. The company had a trading volume of 2,394,181 shares, compared to its average volume of 2,336,762. The firm has a market cap of $7.24 billion, a P/E ratio of 61.16 and a beta of 1.18. The company has a 50-day moving average price of $41.99 and a 200-day moving average price of $49.11. 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 Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter in the previous year, the firm posted $0.12 EPS. The company's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be paid a $0.18 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.61%. Knight-Swift Transportation's dividend payout ratio is presently 76.60%.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Stifel Nicolaus lowered their price objective on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. UBS Group lowered their price target on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Susquehanna lowered their price target on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Finally, Benchmark reaffirmed a "buy" rating and set a $63.00 price target on shares of Knight-Swift Transportation in a research report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.67.

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.