Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,304 shares of the transportation company’s stock after purchasing an additional 3,511 shares during the period. State of New Jersey Common Pension Fund D owned 0.05% of Knight-Swift Transportation worth $4,802,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Knight-Swift Transportation by 13.0% during the 3rd quarter. CWM LLC now owns 3,063 shares of the transportation company’s stock valued at $154,000 after acquiring an additional 352 shares in the last quarter. AE Wealth Management LLC increased its stake in shares of Knight-Swift Transportation by 3.4% in the third quarter. AE Wealth Management LLC now owns 23,325 shares of the transportation company’s stock worth $1,170,000 after buying an additional 769 shares during the last quarter. SG Americas Securities LLC increased its stake in Knight-Swift Transportation by 200.8% during the third quarter. SG Americas Securities LLC now owns 28,538 shares of the transportation company’s stock valued at $1,431,000 after purchasing an additional 19,052 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Knight-Swift Transportation by 5.0% during the third quarter. Asset Management One Co. Ltd. now owns 61,295 shares of the transportation company’s stock valued at $3,074,000 after acquiring an additional 2,912 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its holdings in shares of Knight-Swift Transportation by 12.2% during the third quarter. Linden Thomas Advisory Services LLC now owns 13,279 shares of the transportation company’s stock valued at $666,000 after acquiring an additional 1,445 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation 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 sale, the chief accounting officer now owns 5,118 shares of the company’s stock, valued at approximately $287,836.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Loop Capital cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and dropped their price target for the stock from $63.00 to $53.00 in a research report on Thursday, April 18th. TD Cowen dropped their price objective on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Evercore ISI decreased their price target on Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating on the stock in a report on Thursday. JPMorgan Chase & Co. dropped their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Finally, Bank of America lowered their price target on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $57.71.

Knight-Swift Transportation Trading Down 0.6 %

NYSE KNX traded down $0.26 on Friday, hitting $46.88. 4,211,688 shares of the stock were exchanged, compared to its average volume of 2,188,422. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.73 and a 52-week high of $60.99. The firm has a market capitalization of $7.57 billion, a P/E ratio of 69.99, a P/E/G ratio of 2.48 and a beta of 0.99. The stock has a fifty day moving average price of $53.72 and a two-hundred day moving average price of $54.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.53% and a net margin of 1.50%. Knight-Swift Transportation’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. Research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.31 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a $0.16 dividend. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio is currently 95.52%.

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.