Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stake Raised by First American Bank

First American Bank lifted its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 67,329 shares of the transportation company’s stock after acquiring an additional 1,276 shares during the quarter. First American Bank’s holdings in Knight-Swift Transportation were worth $3,571,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Creative Planning grew its holdings in shares of Knight-Swift Transportation by 4.7% during the 3rd quarter. Creative Planning now owns 21,133 shares of the transportation company’s stock valued at $1,140,000 after acquiring an additional 945 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Knight-Swift Transportation by 11.7% in the third quarter. Assenagon Asset Management S.A. now owns 5,704 shares of the transportation company’s stock valued at $308,000 after purchasing an additional 597 shares in the last quarter. State of Alaska Department of Revenue increased its position in Knight-Swift Transportation by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 18,783 shares of the transportation company’s stock worth $1,013,000 after purchasing an additional 1,275 shares during the last quarter. Norris Perne & French LLP MI raised its stake in shares of Knight-Swift Transportation by 1.9% during the 3rd quarter. Norris Perne & French LLP MI now owns 360,211 shares of the transportation company’s stock worth $19,433,000 after purchasing an additional 6,630 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Knight-Swift Transportation by 2.4% during the 3rd quarter. Stephens Inc. AR now owns 233,287 shares of the transportation company’s stock valued at $12,586,000 after buying an additional 5,373 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Down 1.7 %

Shares of KNX stock opened at $48.99 on Friday. The firm has a market cap of $7.93 billion, a PE ratio of 67.10 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $61.51. The stock has a 50 day moving average of $54.32 and a 200-day moving average of $54.01. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, March 7th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 98.63%.

Analyst Upgrades and Downgrades

KNX has been the topic of a number of research reports. Citigroup downgraded Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective on the stock. in a report on Tuesday, November 12th. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their price target for the stock from $48.00 to $67.00 in a research note on Friday, January 3rd. The Goldman Sachs Group lifted their price objective on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Barclays increased their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.38.

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.