10,062 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Acquired by Tidal Investments LLC

Tidal Investments LLC purchased a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,062 shares of the transportation company's stock, valued at approximately $534,000.

Several other large investors have also recently added to or reduced their stakes in KNX. Toronto Dominion Bank grew its stake in shares of Knight-Swift Transportation by 3.7% during the fourth quarter. Toronto Dominion Bank now owns 21,143 shares of the transportation company's stock valued at $1,121,000 after acquiring an additional 759 shares in the last quarter. Seven Six Capital Management LLC acquired a new stake in shares of Knight-Swift Transportation during the fourth quarter valued at about $4,105,000. Siemens Fonds Invest GmbH acquired a new stake in shares of Knight-Swift Transportation during the fourth quarter valued at about $497,000. Silvercrest Asset Management Group LLC grew its stake in shares of Knight-Swift Transportation by 6.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 7,371 shares of the transportation company's stock valued at $391,000 after acquiring an additional 459 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Knight-Swift Transportation by 8.6% during the fourth quarter. Quantinno Capital Management LP now owns 87,922 shares of the transportation company's stock valued at $4,663,000 after acquiring an additional 6,930 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $226,850. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. UBS Group lowered their target price on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. TD Cowen decreased their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target on Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Benchmark reiterated a "buy" rating and issued a $63.00 price target on shares of Knight-Swift Transportation in a research note on Monday, April 14th. Finally, TD Securities decreased their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.67.

Knight-Swift Transportation Stock Performance

KNX stock traded down $0.33 during midday trading on Monday, reaching $43.99. The company had a trading volume of 1,867,931 shares, compared to its average volume of 2,334,018. 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 stock has a 50 day moving average price of $41.94 and a 200 day moving average price of $49.34. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The firm has a market capitalization of $7.13 billion, a PE ratio of 60.26 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The company 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 for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. Analysts anticipate 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. Stockholders of record on Monday, June 9th will be issued 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 1.64%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 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.