Massachusetts Financial Services Co. MA Increases Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Massachusetts Financial Services Co. MA raised its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,885,425 shares of the transportation company's stock after purchasing an additional 89,035 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.79% of Knight-Swift Transportation worth $166,345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of KNX. Raymond James & Associates lifted its holdings in shares of Knight-Swift Transportation by 2.2% in the 3rd quarter. Raymond James & Associates now owns 23,790 shares of the transportation company's stock worth $1,193,000 after acquiring an additional 510 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Knight-Swift Transportation by 44.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 62,827 shares of the transportation company's stock worth $3,151,000 after acquiring an additional 19,367 shares during the last quarter. Advisor Partners II LLC lifted its holdings in shares of Knight-Swift Transportation by 14.2% in the 3rd quarter. Advisor Partners II LLC now owns 7,304 shares of the transportation company's stock worth $366,000 after acquiring an additional 906 shares during the last quarter. Levin Capital Strategies L.P. bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter worth about $351,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Knight-Swift Transportation by 2.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 12,476 shares of the transportation company's stock worth $626,000 after acquiring an additional 302 shares during the last quarter. Institutional investors own 88.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, April 9th. Loop Capital downgraded shares of Knight-Swift Transportation from a "buy" rating to a "hold" rating and reduced their price target for the stock from $63.00 to $53.00 in a research note on Thursday, April 18th. Susquehanna reduced their price target on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, April 18th. Evercore ISI reduced their price target on shares of Knight-Swift Transportation from $60.00 to $55.00 and set an "in-line" rating on the stock in a research note on Thursday, April 25th. Finally, Bank of America reduced their price target on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $57.57.

Knight-Swift Transportation Stock Up 0.9 %

NYSE KNX traded up $0.45 during trading on Wednesday, reaching $49.93. 2,245,892 shares of the company's stock traded hands, compared to its average volume of 2,190,291. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 74.52, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. The company's 50 day simple moving average is $51.43 and its two-hundred day simple moving average is $54.14. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $60.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued 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). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The firm had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the firm earned $0.73 EPS. The firm's quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.27 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, June 7th. Knight-Swift Transportation's payout ratio is currently 95.52%.

Insider Transactions at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, February 29th. The shares were 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 directly owns 5,118 shares in the company, valued at approximately $287,836.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company's stock.

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.