Crestline Management LP Increases Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Crestline Management LP raised its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 176.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,564 shares of the transportation company's stock after buying an additional 115,907 shares during the period. Crestline Management LP owned about 0.11% of Knight-Swift Transportation worth $9,630,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Stanley Laman Group Ltd. bought a new position in Knight-Swift Transportation in the 4th quarter worth $3,021,000. Charles Schwab Investment Management Inc. increased its position 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 buying an additional 28,387 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Knight-Swift Transportation by 21.5% in the third quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock worth $35,242,000 after buying an additional 115,447 shares during the period. New England Research & Management Inc. lifted its position in shares of Knight-Swift Transportation by 199.2% during the 4th 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. Finally, Proficio Capital Partners LLC bought a new position in shares of Knight-Swift Transportation during the 4th quarter valued at approximately $749,000. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Stock Down 1.7 %

Knight-Swift Transportation stock traded down $0.74 during mid-day trading on Friday, reaching $42.43. 2,931,917 shares of the company's stock were exchanged, compared to its average volume of 2,311,724. 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 twelve month low of $36.69 and a twelve month high of $61.51. The company has a market cap of $6.88 billion, a P/E ratio of 58.12 and a beta of 1.18. The company has a fifty day moving average of $42.43 and a 200-day moving average of $50.54.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) 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 business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same period last year, the firm earned $0.12 earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.72 annualized dividend and a yield of 1.70%. Knight-Swift Transportation's dividend payout ratio (DPR) is 76.60%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. UBS Group lowered 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 note on Tuesday, April 22nd. Raymond James decreased their price target on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating on the stock in a report on Friday, April 11th. Evercore ISI decreased their price target on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Finally, Barclays dropped their price objective on 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. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock 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.