Bayesian Capital Management LP Boosts Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Bayesian Capital Management LP grew its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 133.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,431 shares of the transportation company's stock after purchasing an additional 11,100 shares during the quarter. Bayesian Capital Management LP's holdings in Knight-Swift Transportation were worth $1,031,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KNX. Parkside Financial Bank & Trust raised its position 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 valued at $36,000 after purchasing an additional 322 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Knight-Swift Transportation by 84.3% in 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 lifted 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 valued at $67,000 after acquiring an additional 213 shares during the period. GAMMA Investing LLC boosted its holdings 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 stake in shares of Knight-Swift Transportation by 167.2% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after buying an additional 836 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock traded down $0.74 during trading on Friday, reaching $42.43. The company had a trading volume of 2,931,917 shares, compared to its average volume of 2,312,489. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The firm's 50-day simple moving average is $42.54 and its 200 day simple moving average is $50.62. The firm has a market capitalization of $6.87 billion, a PE ratio of 58.12 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51.

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, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. As a group, equities research 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 business also recently disclosed 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 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 76.60%.

Analysts Set New Price Targets

KNX has been the subject of several research analyst reports. Citigroup upgraded 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. Bank of America cut shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and cut their price objective for the company from $66.00 to $46.00 in a research report on Tuesday, April 1st. 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. UBS Group reduced their target price on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Benchmark restated a "buy" rating and issued a $63.00 price objective on shares of Knight-Swift Transportation in a report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.60.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of Knight-Swift Transportation stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company's stock, valued at $226,850. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 3.00% of the stock is currently 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.