Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Holdings Lifted by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 0.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 190,884 shares of the transportation company’s stock after buying an additional 1,756 shares during the period. New York State Common Retirement Fund’s holdings in Knight-Swift Transportation were worth $10,124,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Knight-Swift Transportation in the 3rd quarter valued at about $3,729,000. Charles Schwab Investment Management Inc. increased its stake in Knight-Swift Transportation by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock valued at $61,878,000 after buying an additional 26,346 shares during the period. Stanley Laman Group Ltd. purchased a new stake in Knight-Swift Transportation in the 4th quarter worth approximately $3,021,000. Jane Street Group LLC boosted its stake in shares of Knight-Swift Transportation by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock valued at $3,771,000 after buying an additional 16,500 shares during the period. Finally, Paloma Partners Management Co grew its holdings in shares of Knight-Swift Transportation by 681.6% during the 3rd quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock valued at $3,237,000 after acquiring an additional 52,323 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Down 2.8 %

Knight-Swift Transportation stock opened at $50.67 on Tuesday. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 69.41 and a beta of 0.99. The firm has a fifty day moving average price of $54.51 and a two-hundred day moving average price of $54.08. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data 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, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders 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 is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. Knight-Swift Transportation’s dividend payout ratio is 98.63%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KNX. TD Cowen increased their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Raymond James increased their price objective on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Barclays lifted their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.38.

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.