Dimensional Fund Advisors LP Boosts Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Dimensional Fund Advisors LP grew its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,991,354 shares of the transportation company’s stock after purchasing an additional 505,543 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Knight-Swift Transportation were worth $370,819,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in KNX. Parkside Financial Bank & Trust grew its stake in Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after buying an additional 322 shares during the last quarter. UMB Bank n.a. grew its stake 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 last quarter. MassMutual Private Wealth & Trust FSB increased 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 valued at $67,000 after acquiring an additional 213 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 208 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its position in shares of Knight-Swift Transportation by 167.2% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 836 shares during the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Up 3.2 %

Shares of NYSE KNX opened at $39.37 on Friday. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 53.93 and a beta of 1.16. The company’s 50-day simple moving average is $45.90 and its 200-day simple moving average is $51.72. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last released its 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 return on equity of 2.43% and a net margin of 1.59%. 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.83%. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 98.63%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KNX. Wells Fargo & Company cut their price target on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. The Goldman Sachs Group dropped their price target on Knight-Swift Transportation from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. TD Cowen raised their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Barclays decreased their target price on Knight-Swift Transportation from $68.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Finally, StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.93.

Insider Transactions at Knight-Swift Transportation

In related news, Director Douglas L. Col bought 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost 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 represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

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.