Concurrent Investment Advisors LLC Has $281,000 Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Concurrent Investment Advisors LLC lifted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,301 shares of the transportation company’s stock after acquiring an additional 235 shares during the period. Concurrent Investment Advisors LLC’s holdings in Knight-Swift Transportation were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KNX. New York State Common Retirement Fund boosted its position in shares of Knight-Swift Transportation by 0.9% during the 4th quarter. New York State Common Retirement Fund now owns 190,884 shares of the transportation company’s stock worth $10,124,000 after purchasing an additional 1,756 shares in the last quarter. Peregrine Capital Management LLC raised its stake in Knight-Swift Transportation by 1.6% during the 4th quarter. Peregrine Capital Management LLC now owns 177,112 shares of the transportation company’s stock worth $9,394,000 after buying an additional 2,837 shares during the period. CIBC Asset Management Inc boosted its holdings in Knight-Swift Transportation by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,924 shares of the transportation company’s stock worth $261,000 after acquiring an additional 252 shares in the last quarter. Principal Financial Group Inc. grew its stake in Knight-Swift Transportation by 42.9% in the fourth quarter. Principal Financial Group Inc. now owns 933,359 shares of the transportation company’s stock valued at $49,505,000 after acquiring an additional 280,121 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of Knight-Swift Transportation by 28.7% during the fourth quarter. Allworth Financial LP now owns 2,197 shares of the transportation company’s stock valued at $121,000 after acquiring an additional 490 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on KNX. StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. TD Cowen upped their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Barclays raised their price target 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. The Goldman Sachs Group boosted their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, Citigroup lowered Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price on the stock. in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.38.

Knight-Swift Transportation Trading Down 1.0 %

Shares of KNX opened at $50.21 on Wednesday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $61.51. The stock has a market cap of $8.13 billion, a PE ratio of 68.77 and a beta of 0.99. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The business’s 50-day moving average price is $54.44 and its 200-day moving average price is $54.07.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.43%. 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%.

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.