Linden Thomas Advisory Services LLC Has $1.14 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Linden Thomas Advisory Services LLC raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,505 shares of the transportation company’s stock after buying an additional 482 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Knight-Swift Transportation were worth $1,141,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators lifted its stake in Knight-Swift Transportation by 87.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock valued at $40,000 after buying an additional 348 shares during the period. UMB Bank n.a. raised its position in shares of Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after purchasing an additional 370 shares during the period. GAMMA Investing LLC raised its position in shares of Knight-Swift Transportation by 36.6% during the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after purchasing an additional 302 shares during the period. Venturi Wealth Management LLC raised its position in shares of Knight-Swift Transportation by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock worth $62,000 after purchasing an additional 292 shares during the period. Finally, Quarry LP raised its position in shares of Knight-Swift Transportation by 71.1% during the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock worth $65,000 after purchasing an additional 499 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KNX has been the topic of a number of research reports. Barclays upped their target price on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Evercore ISI raised their price objective on Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. The Goldman Sachs Group raised their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, TD Cowen raised their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.38.

Knight-Swift Transportation Trading Down 0.6 %

KNX opened at $57.22 on Friday. The stock’s fifty day moving average is $55.31 and its two-hundred day moving average is $53.44. The company has a market capitalization of $9.26 billion, a P/E ratio of 78.38, a PEG ratio of 1.02 and a beta of 0.98. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week high of $61.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.11 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, December 6th. This represents a $0.64 annualized dividend and a yield of 1.12%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 87.67%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 29,779 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the sale, the director now directly owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

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.