Schonfeld Strategic Advisors LLC Has $17.91 Million Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Schonfeld Strategic Advisors LLC lifted its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 65.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 337,598 shares of the transportation company's stock after buying an additional 133,497 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.21% of Knight-Swift Transportation worth $17,906,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of Knight-Swift Transportation by 28.1% during the fourth quarter. Northern Trust Corp now owns 1,470,689 shares of the transportation company's stock valued at $78,005,000 after acquiring an additional 322,541 shares during the period. Quarry LP lifted its holdings in Knight-Swift Transportation by 41.6% during the 4th quarter. Quarry LP now owns 1,701 shares of the transportation company's stock valued at $90,000 after purchasing an additional 500 shares during the last quarter. Oxford Asset Management LLP bought a new position in Knight-Swift Transportation during the 4th quarter valued at about $200,000. Boothbay Fund Management LLC boosted its position in Knight-Swift Transportation by 101.6% in the fourth quarter. Boothbay Fund Management LLC now owns 147,005 shares of the transportation company's stock valued at $7,797,000 after buying an additional 74,088 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Knight-Swift Transportation during the fourth quarter worth about $7,825,000. Institutional investors own 88.77% of the company's stock.

Insider Buying and Selling

In other news, Director Douglas L. Col acquired 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KNX has been the topic of several recent analyst reports. Evercore ISI reduced their target price on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Citigroup upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $53.00 to $48.00 in a report on Tuesday, April 8th. Barclays cut their price target on Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. TD Securities decreased their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group reduced their target price on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and an average target price of $50.60.

Knight-Swift Transportation Stock Up 6.3 %

Knight-Swift Transportation stock traded up $2.47 during midday trading on Friday, reaching $41.45. The stock had a trading volume of 3,852,556 shares, compared to its average volume of 2,293,730. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The firm's fifty day simple moving average is $43.17 and its 200-day simple moving average is $50.92. The stock has a market capitalization of $6.71 billion, a P/E ratio of 56.78 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The business 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 posted $0.12 earnings per share. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is 76.60%.

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.