Siemens Fonds Invest GmbH Takes $497,000 Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Siemens Fonds Invest GmbH purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,379 shares of the transportation company's stock, valued at approximately $497,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KNX. Parkside Financial Bank & Trust grew its position in Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after purchasing an additional 322 shares during the period. Arcadia Investment Management Corp MI grew its position in 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 purchasing an additional 836 shares during the period. Blue Trust Inc. grew its position in Knight-Swift Transportation by 58.5% during the 4th quarter. Blue Trust Inc. now owns 1,669 shares of the transportation company's stock worth $90,000 after purchasing an additional 616 shares during the period. Quarry LP grew its position in Knight-Swift Transportation by 41.6% during the 4th quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after purchasing an additional 500 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new stake in Knight-Swift Transportation during the 4th quarter worth about $99,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KNX shares. Stifel Nicolaus dropped their target price 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. TD Securities dropped their target price on 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. Evercore ISI dropped their target price on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group decreased their price target 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 research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.67.

Knight-Swift Transportation Price Performance

KNX traded up $0.71 during trading on Tuesday, reaching $44.75. The company's stock had a trading volume of 2,363,042 shares, compared to its average volume of 2,335,176. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $41.94 and a two-hundred day simple moving average of $49.30. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 61.30 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released 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. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the company posted $0.12 EPS. The business's revenue was up 1.3% on a year-over-year basis. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

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 paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is 76.60%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $45.37 per share, with a total value of $226,850.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $226,850. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company's stock.

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.