Nomura Holdings Inc. Has $2.58 Million Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Nomura Holdings Inc. grew its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 305.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,647 shares of the transportation company's stock after purchasing an additional 36,640 shares during the period. Nomura Holdings Inc.'s holdings in Knight-Swift Transportation were worth $2,580,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Stanley Laman Group Ltd. purchased a new position in Knight-Swift Transportation during the 4th quarter worth approximately $3,021,000. Charles Schwab Investment Management Inc. boosted its position in shares of Knight-Swift Transportation by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock worth $62,340,000 after buying an additional 28,387 shares during the period. New England Research & Management Inc. grew its holdings in shares of Knight-Swift Transportation by 199.2% during the fourth quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company's stock valued at $1,571,000 after buying an additional 19,725 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Knight-Swift Transportation during the fourth quarter valued at $749,000. Finally, Blair William & Co. IL raised its position in Knight-Swift Transportation by 40.0% during the fourth quarter. Blair William & Co. IL now owns 5,433 shares of the transportation company's stock valued at $288,000 after buying an additional 1,551 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group decreased their price objective on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. TD Cowen decreased 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 report on Thursday, April 24th. Stifel Nicolaus dropped their price objective on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Citigroup upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and cut their target price for the stock from $53.00 to $48.00 in a research report on Tuesday, April 8th. Finally, Raymond James decreased their target price on shares of 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 equities research 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.73.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX traded down $0.05 during trading on Thursday, reaching $43.57. The stock had a trading volume of 460,997 shares, compared to its average volume of 2,323,713. The stock has a fifty day simple moving average of $42.18 and a two-hundred day simple moving average of $50.15. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 59.64 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The business 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%. Knight-Swift Transportation's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors 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 annualized dividend and a dividend yield of 1.65%. Knight-Swift Transportation's dividend payout ratio is presently 76.60%.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $226,850. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.

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.