Chesapeake Capital Corp IL Invests $387,000 in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Chesapeake Capital Corp IL bought a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the fourth quarter, HoldingsChannel.com reports. The fund bought 7,302 shares of the transportation company’s stock, valued at approximately $387,000.

Other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its position 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 valued at $36,000 after buying an additional 322 shares during the last quarter. UMB Bank n.a. boosted its position 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 valued at $43,000 after buying an additional 370 shares during the last quarter. Quarry LP boosted its position 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 valued at $65,000 after buying an additional 499 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position 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 buying an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position 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 buying an additional 208 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on KNX. TD Cowen increased their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Citigroup raised Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price objective on the stock in a research report on Monday, March 10th. Benchmark began coverage on Knight-Swift Transportation in a research report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 target price on the stock. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their target price for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average target price of $59.41.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of the firm’s 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 purchase, the director now owns 5,000 shares of the company’s stock, valued at $226,850. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Knight-Swift Transportation Stock Down 1.4 %

NYSE KNX opened at $46.36 on Wednesday. The stock’s 50-day moving average price is $52.82 and its 200-day moving average price is $53.54. 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 $44.95 and a 52 week high of $61.51. The company has a market capitalization of $7.51 billion, a P/E ratio of 63.50 and a beta of 0.97.

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