Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by Nuance Investments LLC

Nuance Investments LLC raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 20.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,117,896 shares of the transportation company’s stock after purchasing an additional 188,813 shares during the period. Knight-Swift Transportation comprises 2.4% of Nuance Investments LLC’s holdings, making the stock its 15th largest position. Nuance Investments LLC’s holdings in Knight-Swift Transportation were worth $59,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC increased its holdings in 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 acquiring an additional 208 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after buying an additional 213 shares in the last quarter. Signaturefd LLC increased its stake in Knight-Swift Transportation by 8.5% during the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock worth $147,000 after buying an additional 218 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Knight-Swift Transportation by 4.6% during the third quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock valued at $280,000 after acquiring an additional 228 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Knight-Swift Transportation by 4.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company’s stock worth $281,000 after acquiring an additional 235 shares during the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on KNX. Raymond James increased their price objective on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” 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 stock a “neutral” rating in a research note on Thursday, December 12th. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and upped their price target for the company from $48.00 to $67.00 in a research report on Friday, January 3rd. Finally, Bank of America lifted their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.41.

Insider Activity

In related news, Director Douglas L. Col purchased 5,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Trading Down 1.4 %

Shares of NYSE KNX opened at $44.36 on Wednesday. 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 stock has a market capitalization of $7.19 billion, a PE ratio of 60.77 and a beta of 0.97. Knight-Swift Transportation Holdings Inc. has a twelve month low of $42.72 and a twelve month high of $61.51. The stock has a fifty day simple moving average of $51.90 and a 200-day simple moving average of $53.29.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) 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 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a $0.18 dividend. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. Knight-Swift Transportation’s payout ratio is 98.63%.

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.