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

Siemens Fonds Invest GmbH acquired a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,379 shares of the transportation company's stock, valued at approximately $497,000.

Other institutional investors have also added to or reduced their stakes in the company. Voya Investment Management LLC raised its position in shares of Knight-Swift Transportation by 0.9% during the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock worth $1,090,000 after acquiring an additional 192 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of Knight-Swift Transportation by 3.3% during the 4th quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock valued at $355,000 after buying an additional 216 shares during the last quarter. Signaturefd LLC lifted its position in shares of Knight-Swift Transportation by 8.5% during the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company's stock valued at $147,000 after buying an additional 218 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Knight-Swift Transportation by 6.1% during the 4th quarter. Bessemer Group Inc. now owns 3,882 shares of the transportation company's stock valued at $206,000 after buying an additional 222 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in Knight-Swift Transportation by 4.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company's stock worth $281,000 after purchasing an additional 235 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of the purchase, the director now 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Price Performance

Shares of KNX traded up $0.13 during mid-day trading on Friday, hitting $44.34. 2,831,935 shares of the company traded hands, compared to its average volume of 2,335,271. 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 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average of $41.95 and a 200 day moving average of $49.51. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 60.74 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly 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 company 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 posted $0.12 EPS. The firm's quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio is presently 76.60%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KNX shares. Susquehanna cut their target price on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. TD Securities reduced their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Barclays reduced their price target on Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Bank of America raised their target price on Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, UBS Group lowered their price objective on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.33.

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.