Quantinno Capital Management LP Purchases 6,930 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Quantinno Capital Management LP grew its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,922 shares of the transportation company's stock after buying an additional 6,930 shares during the quarter. Quantinno Capital Management LP owned 0.05% of Knight-Swift Transportation worth $4,663,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its position in Knight-Swift Transportation by 88.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock valued at $36,000 after purchasing an additional 322 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Knight-Swift Transportation by 84.3% in the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock valued at $43,000 after purchasing an additional 370 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Knight-Swift Transportation by 20.5% during 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 in the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of Knight-Swift Transportation by 167.2% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after buying an additional 836 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Knight-Swift Transportation by 58.5% in the fourth quarter. Blue Trust Inc. now owns 1,669 shares of the transportation company's stock valued at $90,000 after buying an additional 616 shares in the last quarter. Institutional investors own 88.77% of the company's stock.

Analysts Set New Price Targets

KNX has been the topic of a number of research reports. Susquehanna reduced their target price on shares of Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. Evercore ISI dropped their price target on 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. Citigroup upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and cut their price target for the stock from $53.00 to $48.00 in a report on Tuesday, April 8th. Wall Street Zen upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, TD Cowen dropped their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Seven equities 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $50.73.

Insider Activity

In other news, Director Douglas L. Col purchased 5,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Stock Down 1.7%

Shares of Knight-Swift Transportation stock traded down $0.73 during trading hours on Friday, reaching $42.76. The company's stock had a trading volume of 179,333 shares, compared to its average volume of 2,321,377. The company has a market capitalization of $6.93 billion, a P/E ratio of 58.69 and a beta of 1.18. The stock's fifty day simple moving average is $42.11 and its two-hundred day simple moving average is $50.08. 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 debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate 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 was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current 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 given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation's payout ratio is 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.