Knight-Swift Transportation Holdings Inc. (NYSE:KNX) is Two Point Capital Management Inc.’s 9th Largest Position

Two Point Capital Management Inc. lowered its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,922 shares of the transportation company’s stock after selling 245 shares during the quarter. Knight-Swift Transportation comprises 4.5% of Two Point Capital Management Inc.’s portfolio, making the stock its 9th largest position. Two Point Capital Management Inc. owned approximately 0.11% of Knight-Swift Transportation worth $9,796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Knight-Swift Transportation by 25.0% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock worth $50,000 after purchasing an additional 200 shares during the period. Arkadios Wealth Advisors increased its position in Knight-Swift Transportation by 2.9% in the 4th quarter. Arkadios Wealth Advisors now owns 7,215 shares of the transportation company’s stock valued at $416,000 after acquiring an additional 205 shares during the period. Private Advisor Group LLC increased its position in Knight-Swift Transportation by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 7,542 shares of the transportation company’s stock valued at $378,000 after acquiring an additional 207 shares during the period. Yousif Capital Management LLC increased its position in Knight-Swift Transportation by 0.3% in the 4th quarter. Yousif Capital Management LLC now owns 77,858 shares of the transportation company’s stock valued at $4,489,000 after acquiring an additional 212 shares during the period. Finally, Fiera Capital Corp increased its position in Knight-Swift Transportation by 2.6% in the 3rd quarter. Fiera Capital Corp now owns 8,725 shares of the transportation company’s stock valued at $438,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Insider Buying and Selling at Knight-Swift Transportation

In other news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total value of $112,480.00. Following the sale, the chief accounting officer now directly owns 5,118 shares of the company’s stock, valued at $287,836.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays decreased their price target on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Robert W. Baird decreased their price target on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday. Susquehanna decreased their price target on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. decreased their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Finally, Stifel Nicolaus lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $53.00 to $47.00 in a research note on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $57.71.

Knight-Swift Transportation Stock Down 1.1 %

Shares of NYSE:KNX traded down $0.50 during midday trading on Friday, hitting $46.64. 2,809,122 shares of the stock were exchanged, compared to its average volume of 2,169,138. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.73 and a 52-week high of $60.99. The business’s fifty day simple moving average is $53.72 and its two-hundred day simple moving average is $54.17. The company has a market capitalization of $7.53 billion, a PE ratio of 70.36, a P/E/G ratio of 2.48 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results 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). Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.53%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the business earned $0.73 earnings per share. Knight-Swift Transportation’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.31 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a dividend of $0.16 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 95.52%.

Knight-Swift Transportation Company 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.