DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Buys 63,241 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,556,405 shares of the transportation company's stock after buying an additional 63,241 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 2.20% of Knight-Swift Transportation worth $188,632,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after purchasing an additional 322 shares in the last quarter. UMB Bank n.a. increased its stake in Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock worth $43,000 after purchasing an additional 370 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Knight-Swift Transportation by 20.5% during the 4th 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 in the last quarter. GAMMA Investing LLC increased its holdings in Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after purchasing an additional 208 shares in the last quarter. Finally, Arcadia Investment Management Corp MI increased its holdings in Knight-Swift Transportation by 167.2% during the 4th 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 in the last quarter. Institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Performance

KNX stock traded down $0.27 during midday trading on Tuesday, reaching $46.45. 934,235 shares of the company were exchanged, compared to its average volume of 2,329,499. 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 business has a 50-day moving average price of $42.39 and a two-hundred day moving average price of $50.49. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 63.63 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced 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 company had revenue of $1.82 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 earnings per share. Equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation's payout ratio is presently 76.60%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of the business's stock in a transaction 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 completion of the purchase, the director now directly owns 5,000 shares of the company's stock, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KNX. The Goldman Sachs Group lowered their target price on Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. TD Securities 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 research note on Thursday, April 24th. Barclays decreased their price target on shares of Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. UBS Group decreased their price target on shares of 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. Finally, Bank of America cut Knight-Swift Transportation from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $66.00 to $46.00 in a report on Tuesday, April 1st. Seven 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. According to data from MarketBeat, Knight-Swift Transportation 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.