Dimensional Fund Advisors LP Raises Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Dimensional Fund Advisors LP grew its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Rating) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,762,194 shares of the transportation company’s stock after acquiring an additional 15,027 shares during the quarter. Dimensional Fund Advisors LP owned about 2.27% of Knight-Swift Transportation worth $229,266,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Trustcore Financial Services LLC lifted its position in shares of Knight-Swift Transportation by 57.6% in the third quarter. Trustcore Financial Services LLC now owns 520 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 190 shares in the last quarter. NuWave Investment Management LLC purchased a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at $28,000. Van ECK Associates Corp purchased a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at $46,000. Spire Wealth Management lifted its position in shares of Knight-Swift Transportation by 53.4% in the fourth quarter. Spire Wealth Management now owns 859 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 299 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Knight-Swift Transportation by 184.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,295 shares of the transportation company’s stock valued at $200,000 after acquiring an additional 2,137 shares in the last quarter. Institutional investors and hedge funds own 86.20% of the company’s stock.

KNX stock opened at $50.65 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.32 and a current ratio of 1.26. Knight-Swift Transportation Holdings Inc. has a 1 year low of $44.22 and a 1 year high of $62.29. The firm has a market cap of $8.42 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.61 and a beta of 1.23. The stock has a 50-day simple moving average of $50.59 and a 200-day simple moving average of $55.03.

Knight-Swift Transportation (NYSE:KNXGet Rating) last posted its earnings results on Wednesday, April 20th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Knight-Swift Transportation had a return on equity of 13.69% and a net margin of 12.45%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The company’s revenue for the quarter was up 49.4% compared to the same quarter last year. On average, equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 5.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 27th. Shareholders of record on Friday, June 10th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $0.48 dividend on an annualized basis and a yield of 0.95%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 9.76%.

In other Knight-Swift Transportation news, VP Dustin Ohlman sold 2,022 shares of the firm’s stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $57.16, for a total transaction of $115,577.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Garnreiter sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $54.37, for a total value of $108,740.00. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Several equities analysts recently weighed in on KNX shares. JPMorgan Chase & Co. reduced their target price on Knight-Swift Transportation from $54.00 to $52.00 and set an “underweight” rating on the stock in a research report on Friday, April 8th. Stephens reduced their target price on Knight-Swift Transportation from $70.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, April 1st. Raymond James increased their target price on Knight-Swift Transportation from $50.00 to $53.00 in a research report on Monday, April 25th. Cowen increased their target price on Knight-Swift Transportation from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. Finally, Wolfe Research reduced their target price on Knight-Swift Transportation from $55.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $64.11.

About Knight-Swift Transportation (Get Rating)

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

Further Reading

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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