Daiwa Securities Group Inc. Acquires 300 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Daiwa Securities Group Inc. increased its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,497 shares of the transportation company’s stock after purchasing an additional 300 shares during the period. Daiwa Securities Group Inc.’s holdings in Knight-Swift Transportation were worth $663,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in shares of Knight-Swift Transportation by 88.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after acquiring an additional 322 shares during the period. UMB Bank n.a. boosted its holdings in shares of Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after acquiring an additional 370 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of 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 worth $62,000 after acquiring an additional 292 shares during the period. Quarry LP boosted its holdings in shares of Knight-Swift Transportation by 71.1% during the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock worth $65,000 after acquiring an additional 499 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after acquiring an additional 213 shares during the period. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Up 2.1 %

Shares of NYSE:KNX opened at $46.56 on Friday. The company has a fifty day moving average of $53.11 and a 200-day moving average of $53.60. The company has a market capitalization of $7.54 billion, a PE ratio of 63.77 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation Holdings Inc. has a 52-week low of $44.95 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be paid a $0.18 dividend. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.55%. Knight-Swift Transportation’s payout ratio is currently 98.63%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $226,850. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

KNX has been the subject of a number of research analyst reports. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Bank of America boosted their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. TD Cowen boosted their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $59.41.

Knight-Swift Transportation 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.