175,000 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Bought by Riposte Capital LLC

Riposte Capital LLC bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 175,000 shares of the transportation company’s stock, valued at approximately $9,282,000. Knight-Swift Transportation accounts for about 1.8% of Riposte Capital LLC’s portfolio, making the stock its 18th biggest holding.

Other hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust raised its position in shares of Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after purchasing an additional 322 shares during the last quarter. UMB Bank n.a. grew its holdings in Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after buying an additional 370 shares during the last quarter. Quarry LP increased its position in 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 buying an additional 499 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Knight-Swift Transportation by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after acquiring an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Knight-Swift Transportation by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

KNX has been the subject of a number of recent research reports. Citigroup upgraded Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price objective for the company in a research report on Monday, March 10th. Benchmark initiated coverage on shares of Knight-Swift Transportation in a research report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 price objective for the company. The Goldman Sachs Group raised their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Bank of America boosted their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.41.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX opened at $44.39 on Monday. The business’s 50-day simple moving average is $52.30 and its 200 day simple moving average is $53.37. The company has a market cap of $7.19 billion, a P/E ratio of 60.81 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation Holdings Inc. has a one year low of $42.72 and a one year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share 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. Investors of record on Friday, March 7th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s dividend payout ratio is currently 98.63%.

Insiders Place Their Bets

In related news, Director Douglas L. Col bought 5,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Knight-Swift Transportation 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.