New York State Common Retirement Fund Has $16.72 Million Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

New York State Common Retirement Fund increased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 59.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,093 shares of the transportation company's stock after purchasing an additional 107,640 shares during the period. New York State Common Retirement Fund owned 0.18% of Knight-Swift Transportation worth $16,724,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in KNX. Vanguard Group Inc. increased its position in Knight-Swift Transportation by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 14,964,291 shares of the transportation company's stock valued at $750,459,000 after acquiring an additional 54,133 shares during the period. Nordea Investment Management AB increased its position in shares of Knight-Swift Transportation by 4.5% during the 3rd quarter. Nordea Investment Management AB now owns 1,251,000 shares of the transportation company's stock valued at $62,950,000 after purchasing an additional 54,076 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Knight-Swift Transportation by 22.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 205,951 shares of the transportation company's stock valued at $10,328,000 after purchasing an additional 37,934 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Knight-Swift Transportation by 3,637.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 185,626 shares of the transportation company's stock valued at $10,701,000 after purchasing an additional 180,659 shares during the period. Finally, Comerica Bank acquired a new position in shares of Knight-Swift Transportation during the 3rd quarter valued at $4,674,000. Institutional investors own 88.77% of the company's stock.

Insider Activity at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the sale, the chief accounting officer now 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 available through the SEC website. Insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KNX. Robert W. Baird lowered their price target on Knight-Swift Transportation from $64.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday. Bank of America lowered their price target on Knight-Swift Transportation from $58.00 to $54.00 and set a "buy" rating on the stock in a research report on Thursday, April 18th. Loop Capital cut Knight-Swift Transportation from a "buy" rating to a "hold" rating and lowered their price target for the company from $63.00 to $53.00 in a research report on Thursday, April 18th. Evercore ISI decreased their target price on Knight-Swift Transportation from $60.00 to $55.00 and set an "in-line" rating on the stock in a report on Thursday. Finally, Susquehanna decreased their target price on Knight-Swift Transportation from $59.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $57.71.

Knight-Swift Transportation Stock Down 0.1 %

Shares of Knight-Swift Transportation stock traded down $0.04 during midday trading on Monday, hitting $46.85. The company's stock had a trading volume of 2,831,276 shares, compared to its average volume of 2,196,263. The firm has a market capitalization of $7.57 billion, a P/E ratio of 69.93, a PEG ratio of 2.39 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.73 and a 1-year high of $60.99. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. The stock has a 50-day simple moving average of $53.52 and a 200-day simple moving average of $54.22.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.07). The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. Knight-Swift Transportation's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. As a group, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.31 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors 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. The ex-dividend date was Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a yield of 1.37%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 95.52%.

Knight-Swift Transportation 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.