First Eagle Investment Management LLC Buys 1,800 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

First Eagle Investment Management LLC raised its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 27.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,335 shares of the transportation company’s stock after acquiring an additional 1,800 shares during the period. First Eagle Investment Management LLC’s holdings in Knight-Swift Transportation were worth $442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Knight-Swift Transportation during the 3rd quarter worth $378,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Knight-Swift Transportation by 2.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,622 shares of the transportation company’s stock valued at $16,920,000 after acquiring an additional 8,283 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Knight-Swift Transportation by 8.9% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,826 shares of the transportation company’s stock worth $368,000 after acquiring an additional 556 shares during the period. RiverPark Advisors LLC acquired a new stake in Knight-Swift Transportation in the 3rd quarter worth about $162,000. Finally, Thrivent Financial for Lutherans boosted its holdings in Knight-Swift Transportation by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,337,737 shares of the transportation company’s stock valued at $72,171,000 after purchasing an additional 6,803 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KNX shares. Raymond James lifted their price target on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $48.00 to $67.00 in a report on Friday, January 3rd. TD Cowen increased their target price on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their price objective on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.41.

Knight-Swift Transportation Trading Up 2.1 %

NYSE KNX opened at $46.56 on Monday. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 63.77 and a beta of 0.97. Knight-Swift Transportation Holdings Inc. has a twelve month low of $44.95 and a twelve month high of $61.51. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average is $53.11 and its 200 day moving average is $53.61.

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

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.55%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 98.63%.

Insider Transactions at Knight-Swift Transportation

In related news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.