Hudson Bay Capital Management LP Increases Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Hudson Bay Capital Management LP increased its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 70.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,708 shares of the transportation company's stock after buying an additional 104,859 shares during the quarter. Hudson Bay Capital Management LP owned 0.16% of Knight-Swift Transportation worth $13,404,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its position in Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after purchasing an additional 322 shares during the last quarter. UMB Bank n.a. boosted its position in Knight-Swift Transportation by 84.3% in the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock worth $43,000 after purchasing an additional 370 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Knight-Swift Transportation by 20.5% in the fourth 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 during the last quarter. GAMMA Investing LLC boosted its position in Knight-Swift Transportation by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after purchasing an additional 208 shares during the last quarter. Finally, Arcadia Investment Management Corp MI boosted its position in Knight-Swift Transportation by 167.2% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after purchasing an additional 836 shares during the last quarter. Institutional investors own 88.77% of the company's stock.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the 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 directly owns 5,000 shares in the company, valued at approximately $226,850. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

KNX has been the topic of several research analyst reports. Barclays cut their price objective on Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus cut their price target on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a research note on Monday, April 14th. TD Cowen cut 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. Wells Fargo & Company cut their price target on Knight-Swift Transportation from $55.00 to $46.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Raymond James cut their price target on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating for the company in a research note on Friday, April 11th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and a consensus price target of $50.73.

Knight-Swift Transportation Price Performance

NYSE KNX traded up $0.05 during trading on Friday, reaching $45.61. The company's stock had a trading volume of 1,823,207 shares, compared to its average volume of 2,329,718. The firm has a fifty day moving average of $42.27 and a 200 day moving average of $50.29. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The stock has a market capitalization 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 released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, beating 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 firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter last year, the firm posted $0.12 EPS. The company's revenue was up 1.3% compared to the same quarter last year. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be issued a $0.18 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.58%. Knight-Swift Transportation's payout ratio is currently 76.60%.

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.