Moore Capital Management LP Buys 23,196 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Moore Capital Management LP increased its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,389 shares of the transportation company's stock after acquiring an additional 23,196 shares during the quarter. Moore Capital Management LP owned about 0.10% of Knight-Swift Transportation worth $8,772,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its stake in Knight-Swift Transportation by 0.9% in the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock worth $1,090,000 after acquiring an additional 192 shares during the period. GAMMA Investing LLC lifted its position in Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock valued at $71,000 after buying an additional 208 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock valued at $67,000 after buying an additional 213 shares during the period. Benjamin Edwards Inc. lifted its position in Knight-Swift Transportation by 3.3% during the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock valued at $355,000 after buying an additional 216 shares during the period. Finally, Signaturefd LLC lifted its position in Knight-Swift Transportation by 8.5% during the fourth quarter. Signaturefd LLC now owns 2,769 shares of the transportation company's stock valued at $147,000 after buying an additional 218 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KNX. Wells Fargo & Company lowered their price objective on Knight-Swift Transportation from $55.00 to $46.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Barclays lowered their price objective on Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. 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 report on Thursday, April 24th. Stifel Nicolaus lowered their price objective on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their price target on Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.73.

Insiders Place Their Bets

In other news, Director Douglas L. Col purchased 5,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $226,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Stock Performance

NYSE:KNX traded up $0.05 during mid-day trading on Friday, reaching $45.61. The company's stock had a trading volume of 1,823,207 shares, compared to its average volume of 2,326,958. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The firm's fifty day moving average price is $42.27 and its two-hundred day moving average price is $50.31. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock has a market cap of $7.39 billion, a P/E ratio of 62.47 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the firm earned $0.12 EPS. Knight-Swift Transportation's revenue was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal 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 given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is 76.60%.

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.