Frontier Capital Management Co. LLC Buys 179,980 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Frontier Capital Management Co. LLC raised its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,705,095 shares of the transportation company's stock after purchasing an additional 179,980 shares during the quarter. Knight-Swift Transportation accounts for approximately 0.9% of Frontier Capital Management Co. LLC's holdings, making the stock its 18th largest holding. Frontier Capital Management Co. LLC owned 1.05% of Knight-Swift Transportation worth $90,438,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in KNX. Victory Capital Management Inc. raised its stake in 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 worth $423,265,000 after purchasing an additional 506,491 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Knight-Swift Transportation by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company's stock worth $370,819,000 after buying an additional 505,543 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Knight-Swift Transportation by 3.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company's stock valued at $221,541,000 after acquiring an additional 125,827 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Knight-Swift Transportation by 1.8% during the fourth 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 buying an additional 63,241 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Knight-Swift Transportation by 36.8% during the fourth quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company's stock worth $100,004,000 after purchasing an additional 507,370 shares during the period. Institutional investors own 88.77% of the company's stock.

Insider Buying and Selling

In related news, Director Douglas L. Col purchased 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Trading Down 1.7 %

KNX stock traded down $0.74 during mid-day trading on Friday, hitting $42.43. 2,931,917 shares of the company were exchanged, compared to its average volume of 2,311,724. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. 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 business has a fifty day simple moving average of $42.43 and a 200-day simple moving average of $50.54. The firm has a market capitalization of $6.88 billion, a P/E ratio of 58.12 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The firm's revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation's payout ratio is currently 76.60%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KNX. The Goldman Sachs Group lowered their price objective on Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. StockNews.com upgraded Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. TD Cowen cut 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 note on Thursday, April 24th. Benchmark reaffirmed a "buy" rating and issued a $63.00 price objective on shares of Knight-Swift Transportation in a research note on Monday, April 14th. Finally, TD Securities decreased their target price 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 investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.60.

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.