Siemens Fonds Invest GmbH Purchases Shares of 9,379 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Siemens Fonds Invest GmbH purchased a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,379 shares of the transportation company's stock, valued at approximately $497,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HB Wealth Management LLC increased its stake in Knight-Swift Transportation by 19.2% during the fourth quarter. HB Wealth Management LLC now owns 5,407 shares of the transportation company's stock valued at $287,000 after acquiring an additional 871 shares during the period. UMB Bank n.a. lifted its position 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 worth $43,000 after acquiring an additional 370 shares during the period. MassMutual Private Wealth & Trust FSB grew 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 purchasing an additional 213 shares in the last quarter. Dakota Wealth Management bought a new stake in shares of Knight-Swift Transportation during the fourth quarter valued at approximately $209,000. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of Knight-Swift Transportation by 2.3% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 21,505 shares of the transportation company's stock valued at $1,141,000 after purchasing an additional 482 shares in the last quarter. Institutional investors own 88.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KNX shares. JPMorgan Chase & Co. decreased their price target on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. TD Securities reduced their price objective 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. The Goldman Sachs Group lowered their target price on shares of Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. TD Cowen dropped their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Bank of America raised their price target on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.73.

Insider Activity

In other news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction on 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 acquisition, the director now owns 5,000 shares in the company, valued at $226,850. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Stock Up 0.1%

NYSE KNX opened at $45.61 on Friday. The stock's 50 day simple moving average is $42.27 and its 200 day simple moving average is $50.29. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The firm has a market cap of $7.39 billion, a PE ratio of 62.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping 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 company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter in the prior year, the business earned $0.12 earnings per share. The business's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.58%. Knight-Swift Transportation's payout ratio is 76.60%.

About Knight-Swift Transportation

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.

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