Victory Capital Management Inc. Grows Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Victory Capital Management Inc. lifted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 908.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,181,899 shares of the transportation company's stock after acquiring an additional 3,767,408 shares during the period. Victory Capital Management Inc. owned 2.59% of Knight-Swift Transportation worth $241,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its position in shares of Knight-Swift Transportation by 136.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company's stock worth $38,000 after purchasing an additional 385 shares during the last quarter. Blue Trust Inc. grew its position in Knight-Swift Transportation by 80.3% in the 4th 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. FinTrust Capital Advisors LLC acquired a new position in Knight-Swift Transportation in the 3rd quarter valued at about $42,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Knight-Swift Transportation by 25.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company's stock valued at $50,000 after acquiring an additional 200 shares in the last quarter. Finally, Planned Solutions Inc. acquired a new position in Knight-Swift Transportation in the 4th quarter valued at about $92,000. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Up 0.3 %

Shares of KNX stock traded up $0.15 on Thursday, reaching $47.05. 1,748,788 shares of the company's stock traded hands, compared to its average volume of 2,189,241. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $60.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.94 and a current ratio of 0.93. The company has a market capitalization of $7.60 billion, a P/E ratio of 69.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03. The business's 50 day moving average price is $52.89 and its two-hundred day moving average price is $54.15.

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. On average, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.29 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.36%. Knight-Swift Transportation's payout ratio is 95.52%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on Knight-Swift Transportation from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 9th. Loop Capital cut Knight-Swift Transportation from a "buy" rating to a "hold" rating and decreased their price objective for the company from $63.00 to $53.00 in a research note on Thursday, April 18th. Stephens decreased their price objective on Knight-Swift Transportation from $65.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday, April 18th. Susquehanna decreased their price objective on Knight-Swift Transportation from $59.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, April 18th. Finally, Robert W. Baird decreased their price objective on Knight-Swift Transportation from $64.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $57.71.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.00% of the company's stock.

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.