Crestline Management LP Has $9.63 Million Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Crestline Management LP boosted its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 176.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,564 shares of the transportation company's stock after purchasing an additional 115,907 shares during the quarter. Crestline Management LP owned approximately 0.11% of Knight-Swift Transportation worth $9,630,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Stanley Laman Group Ltd. acquired a new position in shares of Knight-Swift Transportation in the 4th quarter worth approximately $3,021,000. Charles Schwab Investment Management Inc. boosted its holdings in 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 purchasing an additional 28,387 shares during the period. Principal Financial Group Inc. increased its stake in Knight-Swift Transportation by 21.5% during the third quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock valued at $35,242,000 after purchasing an additional 115,447 shares during the last quarter. New England Research & Management Inc. raised 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 worth $1,571,000 after purchasing an additional 19,725 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Knight-Swift Transportation in the 4th quarter worth about $749,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Douglas L. Col acquired 5,000 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Price Performance

KNX stock traded down $0.74 during trading hours on Friday, hitting $42.43. 2,931,917 shares of the stock traded hands, compared to its average volume of 2,312,490. The stock has a 50-day simple moving average of $42.43 and a 200 day simple moving average of $50.55. The company has a market cap of $6.87 billion, a P/E ratio of 58.12 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data 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 net margin of 1.59% and a return on equity of 2.43%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the firm posted $0.12 EPS. The business's revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The business 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 1.70%. Knight-Swift Transportation's dividend payout ratio is currently 76.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KNX shares. UBS Group lowered their price objective on shares of 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. Susquehanna lowered their price objective on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. Barclays cut their target price on Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and an average target price 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.