Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Short Interest Update

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 3,630,000 shares, a growth of 16.0% from the March 15th total of 3,130,000 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,980,000 shares, the short-interest ratio is presently 1.8 days.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the transaction, the chief accounting officer now directly owns 5,118 shares of the company's stock, valued at $287,836.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Several large investors have recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in shares of Knight-Swift Transportation during the 1st quarter worth about $25,000. Quarry LP purchased a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $33,000. GAMMA Investing LLC raised its stake in Knight-Swift Transportation by 67.5% during the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company's stock worth $35,000 after acquiring an additional 253 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Knight-Swift Transportation by 136.5% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company's stock valued at $38,000 after acquiring an additional 385 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Knight-Swift Transportation by 80.3% in the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company's stock valued at $42,000 after acquiring an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KNX shares. Susquehanna lowered their target price on Knight-Swift Transportation from $62.00 to $59.00 and set a "neutral" rating on the stock in a report on Monday, March 25th. Barclays cut their price objective on shares of Knight-Swift Transportation from $65.00 to $62.00 and set an "overweight" rating for the company in a research report on Monday, April 1st. Stifel Nicolaus increased their price target on shares of Knight-Swift Transportation from $54.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $62.75.

Knight-Swift Transportation Stock Down 1.9 %

Shares of NYSE:KNX traded down $1.00 during trading on Friday, hitting $51.00. The company's stock had a trading volume of 1,441,067 shares, compared to its average volume of 1,820,786. The company has a market capitalization of $8.24 billion, a PE ratio of 38.35, a P/E/G ratio of 1.44 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. Knight-Swift Transportation has a fifty-two week low of $45.73 and a fifty-two week high of $60.99. The business has a 50 day moving average price of $55.66 and a two-hundred day moving average price of $54.26.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.38). Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. The company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.92 billion. As a group, research analysts expect that Knight-Swift Transportation will post 2.35 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were given a dividend of $0.16 per share. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation's payout ratio is 48.12%.

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.

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