Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP grew its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 708,679 shares of the transportation company’s stock after buying an additional 48,470 shares during the period. Brandes Investment Partners LP owned 0.44% of Knight-Swift Transportation worth $37,588,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of KNX. Franklin Resources Inc. purchased a new position in Knight-Swift Transportation during the third quarter worth $70,185,000. Victory Capital Management Inc. increased its position in Knight-Swift Transportation by 6.8% during the fourth quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company’s stock worth $423,265,000 after buying an additional 506,491 shares in the last quarter. Nuance Investments LLC increased its position in Knight-Swift Transportation by 74.5% during the third quarter. Nuance Investments LLC now owns 929,083 shares of the transportation company’s stock worth $50,124,000 after buying an additional 396,607 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Knight-Swift Transportation by 34.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock worth $76,224,000 after buying an additional 359,566 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at $16,256,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 2.1 %

Shares of KNX opened at $46.56 on Friday. 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 Holdings Inc. has a 12 month low of $44.95 and a 12 month high of $61.51. The stock’s 50-day moving average is $53.11 and its two-hundred day moving average is $53.59. The stock has a market cap of $7.54 billion, a PE ratio of 63.77 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS 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%. Equities 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 paid a $0.18 dividend. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.55%. Knight-Swift Transportation’s payout ratio is 98.63%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $226,850. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KNX shares. Bank of America lifted their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Citigroup upgraded Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 target price on the stock in a report on Monday, March 10th. The Goldman Sachs Group lifted their target price on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Benchmark began coverage on Knight-Swift Transportation in a report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 target price on the stock. Finally, TD Cowen lifted their target price on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Eight research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.41.

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.