Nuveen Asset Management LLC Boosts Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Nuveen Asset Management LLC raised its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 469,278 shares of the transportation company's stock after buying an additional 57,255 shares during the period. Nuveen Asset Management LLC owned about 0.29% of Knight-Swift Transportation worth $24,891,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KNX. 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 valued at $423,265,000 after acquiring an additional 506,491 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Knight-Swift Transportation by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company's stock worth $370,819,000 after purchasing an additional 505,543 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Knight-Swift Transportation by 3.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company's stock valued at $221,541,000 after purchasing an additional 125,827 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Knight-Swift Transportation by 1.8% during 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 valued at $188,632,000 after purchasing an additional 63,241 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Knight-Swift Transportation by 36.8% during the fourth quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company's stock valued at $100,004,000 after purchasing an additional 507,370 shares during the period. 88.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of Knight-Swift Transportation stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $226,850. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.

Knight-Swift Transportation Stock Performance

KNX traded up $0.17 during mid-day trading on Wednesday, reaching $44.01. 298,966 shares of the company traded hands, compared to its average volume of 2,926,633. The company's fifty day moving average price is $41.98 and its 200-day moving average price is $49.74. The stock has a market capitalization of $7.13 billion, a P/E ratio of 60.29 and a beta of 1.18. 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 52-week low of $36.69 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The company had revenue of $1.82 billion during 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 quarter in the prior year, the business earned $0.12 earnings per share. On average, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KNX. Susquehanna lowered their price target on shares of Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating for the company in a report on Thursday, April 24th. Barclays decreased their price objective on shares of 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. TD Cowen dropped their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. 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 research note on Wednesday. Finally, Evercore ISI lowered their price target on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and an average price target of $51.00.

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.