Pacific Capital Wealth Advisors Inc. Purchases Shares of 12,103 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,103 shares of the transportation company’s stock, valued at approximately $698,000.

Several other institutional investors and hedge funds have also modified their holdings of KNX. Massmutual Trust Co. FSB ADV increased its holdings in 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. Blue Trust Inc. increased its stake in shares of Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 326 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Knight-Swift Transportation by 61.7% in the 4th quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock worth $43,000 after purchasing an additional 283 shares during the period. Planned Solutions Inc. purchased a new position in Knight-Swift Transportation during the fourth quarter worth approximately $92,000. Finally, Avior Wealth Management LLC acquired a new stake in Knight-Swift Transportation in the fourth quarter valued at approximately $150,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 0.6 %

Knight-Swift Transportation stock traded up $0.27 during midday trading on Wednesday, hitting $48.33. 2,099,660 shares of the stock were exchanged, compared to its average volume of 2,179,015. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 72.13, a PEG ratio of 2.44 and a beta of 1.03. The stock’s 50-day simple moving average is $51.91 and its 200 day simple moving average is $54.11. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business 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 1.50% and a return on equity of 2.54%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. On average, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.29 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.64 annualized dividend and a yield of 1.32%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 95.52%.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction that occurred on 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 $287,836.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Bank of America reduced their target price on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Susquehanna decreased their price objective on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Robert W. Baird cut their target price on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. TD Cowen decreased their price target on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Finally, Barclays lowered their price objective on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $57.71.

About Knight-Swift Transportation

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.