VCI Wealth Management LLC Purchases Shares of 12,439 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

VCI Wealth Management LLC purchased a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,439 shares of the transportation company’s stock, valued at approximately $717,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KNX. Massmutual Trust Co. FSB ADV increased its position in shares of Knight-Swift Transportation by 136.5% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after buying an additional 385 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of Knight-Swift Transportation in the third quarter valued at approximately $42,000. Blue Trust Inc. increased its position in shares of Knight-Swift Transportation by 80.3% in the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after buying an additional 326 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Knight-Swift Transportation by 25.0% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock valued at $50,000 after buying an additional 200 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at approximately $92,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus dropped their price target on Knight-Swift Transportation from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Evercore ISI dropped their price target on Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating for the company in a research report on Thursday. Stephens dropped their price target on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. JPMorgan Chase & Co. dropped their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Finally, Bank of America dropped their target price on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.14.

Knight-Swift Transportation Trading Down 2.8 %

KNX traded down $1.37 during mid-day trading on Thursday, hitting $47.14. 4,028,240 shares of the stock were exchanged, compared to its average volume of 2,162,525. The firm’s fifty day moving average is $53.94 and its two-hundred day moving average is $54.22. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.73 and a 1-year high of $60.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.61 billion, a PE ratio of 35.60, a PEG ratio of 2.51 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. Knight-Swift Transportation’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. Equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.31 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were issued a $0.16 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.36%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. Knight-Swift Transportation’s dividend payout ratio is presently 48.12%.

Insider Activity

In other news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total value of $112,480.00. Following the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at approximately $287,836.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

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.