Atria Investments Inc Buys 4,318 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Atria Investments Inc boosted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,765 shares of the transportation company’s stock after buying an additional 4,318 shares during the quarter. Atria Investments Inc’s holdings in Knight-Swift Transportation were worth $2,215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its holdings in Knight-Swift Transportation by 6.8% during the 4th quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company’s stock valued at $423,265,000 after buying an additional 506,491 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Knight-Swift Transportation by 3.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company’s stock valued at $221,541,000 after purchasing an additional 125,827 shares during the period. Geode Capital Management LLC increased its position in Knight-Swift Transportation by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company’s stock valued at $147,529,000 after purchasing an additional 46,436 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Knight-Swift Transportation by 34.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock valued at $76,224,000 after purchasing an additional 359,566 shares during the period. Finally, Franklin Resources Inc. purchased a new position in Knight-Swift Transportation during the 3rd quarter valued at about $70,185,000. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Down 3.8 %

NYSE:KNX opened at $47.07 on Monday. The company has a market cap of $7.62 billion, a PE ratio of 64.48 and a beta of 0.97. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $61.51. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $53.79 and its two-hundred day moving average is $53.84.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.53%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s payout ratio is presently 98.63%.

Analyst Upgrades and Downgrades

A number of research firms have commented on KNX. Barclays raised 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 report on Wednesday, November 13th. Bank of America raised their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Raymond James raised their target price on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.59.

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.