Seven Six Capital Management LLC Acquires Shares of 77,400 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Seven Six Capital Management LLC bought a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 77,400 shares of the transportation company's stock, valued at approximately $4,105,000. Knight-Swift Transportation comprises 3.6% of Seven Six Capital Management LLC's investment portfolio, making the stock its 11th largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in KNX. Siemens Fonds Invest GmbH purchased a new stake in Knight-Swift Transportation in the fourth quarter worth $497,000. Silvercrest Asset Management Group LLC lifted its stake in Knight-Swift Transportation by 6.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 7,371 shares of the transportation company's stock worth $391,000 after acquiring an additional 459 shares during the period. Quantinno Capital Management LP lifted its stake in Knight-Swift Transportation by 8.6% in the fourth quarter. Quantinno Capital Management LP now owns 87,922 shares of the transportation company's stock worth $4,663,000 after acquiring an additional 6,930 shares during the period. Nomura Holdings Inc. lifted its stake in Knight-Swift Transportation by 305.2% in the fourth quarter. Nomura Holdings Inc. now owns 48,647 shares of the transportation company's stock worth $2,580,000 after acquiring an additional 36,640 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in Knight-Swift Transportation by 13.9% in the fourth quarter. Nuveen Asset Management LLC now owns 469,278 shares of the transportation company's stock worth $24,891,000 after acquiring an additional 57,255 shares during the period. Institutional investors own 88.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KNX shares. TD Securities lowered their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Stifel Nicolaus lowered their price objective on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a research report on Monday, April 14th. StockNews.com raised Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, UBS Group lowered their price objective on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $50.73.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the company's stock in a transaction 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 directly owns 5,000 shares of the company's stock, valued at $226,850. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock traded down $0.15 during midday trading on Tuesday, reaching $45.26. 2,346,912 shares of the company traded hands, compared to its average volume of 2,332,104. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 62.00 and a beta of 1.18. The business has a 50 day moving average of $42.24 and a two-hundred day moving average of $50.23. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 earnings per share. As a group, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.59%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 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.