Fiera Capital Corp Purchases 382,646 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Fiera Capital Corp lifted its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 4,385.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 391,371 shares of the transportation company's stock after acquiring an additional 382,646 shares during the period. Fiera Capital Corp owned approximately 0.24% of Knight-Swift Transportation worth $22,563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its stake in Knight-Swift Transportation by 136.5% during the fourth 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. 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 buying an additional 326 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Knight-Swift Transportation by 61.7% in the fourth quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company's stock valued at $43,000 after buying an additional 283 shares in the last quarter. Planned Solutions Inc. bought a new position in Knight-Swift Transportation in the fourth quarter valued at about $92,000. Finally, Avior Wealth Management LLC acquired a new position in Knight-Swift Transportation during the fourth quarter worth about $150,000. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Trading Up 1.1 %

NYSE:KNX traded up $0.56 on Thursday, reaching $50.49. 2,666,228 shares of the stock traded hands, compared to its average volume of 2,195,534. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $60.99. The company's 50 day moving average is $51.33 and its 200-day moving average is $54.12. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 75.60, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 2.54% and a net margin of 1.50%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. Equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.27 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 24th. Investors of record on Monday, June 10th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, June 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.27%. Knight-Swift Transportation's payout ratio is 95.52%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KNX shares. 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. JPMorgan Chase & Co. decreased their target price on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 9th. TD Cowen lowered their price target on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, April 18th. Robert W. Baird cut their price objective on Knight-Swift Transportation from $64.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. Finally, Barclays reduced their price objective on Knight-Swift Transportation from $62.00 to $57.00 and set an "overweight" rating on the stock in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Knight-Swift Transportation has an average rating of "Moderate Buy" and a consensus price target of $57.57.

Insider Buying and Selling

In other news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction 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 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 is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.

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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