Siemens Fonds Invest GmbH Purchases New Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. grew 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 buying an additional 506,491 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Knight-Swift Transportation by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company's stock valued at $370,819,000 after acquiring an additional 505,543 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Knight-Swift Transportation by 3.1% in the 4th 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 in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Knight-Swift Transportation by 1.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company's stock worth $188,632,000 after acquiring an additional 63,241 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Knight-Swift Transportation by 36.8% during the 4th quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company's stock worth $100,004,000 after acquiring an additional 507,370 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Securities cut 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. Stifel Nicolaus reduced their target price on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a report on Monday, April 14th. Citigroup raised Knight-Swift Transportation from a "neutral" rating to a "buy" rating and dropped their target price for the company from $53.00 to $48.00 in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, TD Cowen lowered their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $50.73.

Knight-Swift Transportation Trading Down 1.5%

KNX stock traded down $0.64 during midday trading on Friday, hitting $42.85. The stock had a trading volume of 224,375 shares, compared to its average volume of 2,321,687. The company's 50-day moving average price is $42.11 and its 200 day moving average price is $50.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The firm has a market cap of $6.94 billion, a PE ratio of 58.69 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month 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 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 for 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%. The business's revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. On average, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be paid 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 of this dividend is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio is currently 76.60%.

Insider Transactions at Knight-Swift Transportation

In related news, Director Douglas L. Col purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at approximately $226,850. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company's stock.

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.