Oak Thistle LLC Acquires 3,555 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Oak Thistle LLC increased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 31.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,831 shares of the transportation company’s stock after buying an additional 3,555 shares during the period. Oak Thistle LLC’s holdings in Knight-Swift Transportation were worth $787,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in KNX. Brown Brothers Harriman & Co. raised its position in Knight-Swift Transportation by 28.6% in the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC raised its holdings in shares of Knight-Swift Transportation by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after purchasing an additional 208 shares during the period. MML Investors Services LLC raised its holdings in shares of Knight-Swift Transportation by 4.6% in the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock worth $280,000 after purchasing an additional 228 shares during the period. MQS Management LLC lifted its stake in Knight-Swift Transportation by 3.7% in the second quarter. MQS Management LLC now owns 6,981 shares of the transportation company’s stock valued at $348,000 after purchasing an additional 250 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Knight-Swift Transportation by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 292 shares during the period. Institutional investors own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

KNX has been the topic of a number of recent research reports. Stifel Nicolaus upped their price target on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Citigroup downgraded shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective on the stock. in a report on Tuesday, November 12th. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $48.00 to $67.00 in a research note on Friday, January 3rd. Bank of America lowered their price target on shares of Knight-Swift Transportation from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, December 17th. Finally, Evercore ISI lifted their price objective on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.44.

Knight-Swift Transportation Price Performance

NYSE:KNX opened at $55.82 on Thursday. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $60.99. The stock has a fifty day moving average of $55.55 and a 200 day moving average of $53.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 242.71, a P/E/G ratio of 1.89 and a beta of 0.98.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. On average, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. Knight-Swift Transportation’s dividend payout ratio is presently 278.26%.

Insider Transactions at Knight-Swift Transportation

In related news, Chairman Kevin P. Knight sold 29,779 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ploeg David Vander sold 500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the sale, the director now owns 30,729 shares in the company, valued at $1,754,625.90. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

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.