Aviva PLC Invests $4.84 Million in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Aviva PLC bought a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 91,275 shares of the transportation company’s stock, valued at approximately $4,841,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its stake in shares of Knight-Swift Transportation by 88.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after purchasing 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. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Knight-Swift Transportation by 20.5% in the fourth 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 during the period. GAMMA Investing LLC boosted its stake in shares of Knight-Swift Transportation by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after buying an additional 208 shares during the period. Finally, Arcadia Investment Management Corp MI boosted its stake in shares of Knight-Swift Transportation by 167.2% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock valued at $71,000 after buying an additional 836 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Insider Activity at Knight-Swift Transportation

In other news, Director Douglas L. Col bought 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $226,850. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Price Performance

KNX stock opened at $43.00 on Thursday. The stock has a market capitalization of $6.96 billion, a PE ratio of 58.90 and a beta of 1.16. The company’s 50-day moving average is $48.09 and its 200-day moving average is $52.38. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year 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 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%. Equities research analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were given a $0.18 dividend. This is a boost 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 yield of 1.67%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 98.63%.

Wall Street Analysts Forecast Growth

KNX has been the subject of several recent research reports. 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. Bank of America downgraded shares of Knight-Swift Transportation from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $66.00 to $46.00 in a research report on Tuesday, April 1st. Raymond James boosted their price objective 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. Benchmark started coverage on shares of Knight-Swift Transportation in a report on Tuesday, March 4th. They set a “buy” rating and a $63.00 price target for the company. Finally, StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.94.

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.