Price T Rowe Associates Inc. MD Buys 8,987 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Price T Rowe Associates Inc. MD raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,958 shares of the transportation company's stock after buying an additional 8,987 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.06% of Knight-Swift Transportation worth $5,515,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in KNX. Stanley Laman Group Ltd. acquired a new stake in Knight-Swift Transportation during the 4th quarter valued at $3,021,000. Charles Schwab Investment Management Inc. increased its holdings in Knight-Swift Transportation by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock valued at $62,340,000 after purchasing an additional 28,387 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Knight-Swift Transportation by 21.5% in the third quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock valued at $35,242,000 after buying an additional 115,447 shares during the period. New England Research & Management Inc. boosted its holdings in Knight-Swift Transportation by 199.2% during the fourth quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company's stock worth $1,571,000 after buying an additional 19,725 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Knight-Swift Transportation during the 4th quarter worth about $749,000. Institutional investors and hedge funds own 88.77% of the company's stock.

Insider Activity

In other news, Director Douglas L. Col bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now owns 5,000 shares of the company's stock, valued at approximately $226,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Benchmark reissued a "buy" rating and set a $63.00 price objective on shares of Knight-Swift Transportation in a research note on Monday, April 14th. Stifel Nicolaus dropped their price objective on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. UBS Group reduced their target price on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. TD Cowen lowered their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, The Goldman Sachs Group cut their price objective on Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.60.

Knight-Swift Transportation Stock Up 4.0 %

Shares of NYSE KNX traded up $1.65 during mid-day trading on Thursday, hitting $43.21. The company had a trading volume of 3,653,818 shares, compared to its average volume of 2,306,692. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm has a 50-day simple moving average of $42.65 and a two-hundred day simple moving average of $50.69. The company has a market capitalization of $7.00 billion, a PE ratio of 59.19 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the firm earned $0.12 EPS. The business's quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio is currently 76.60%.

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.