EntryPoint Capital LLC Grows Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

EntryPoint Capital LLC grew its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,558 shares of the transportation company’s stock after buying an additional 1,065 shares during the quarter. EntryPoint Capital LLC’s holdings in Knight-Swift Transportation were worth $295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KNX. Franklin Resources Inc. bought a new stake in Knight-Swift Transportation during the third quarter worth about $70,185,000. Victory Capital Management Inc. lifted its position in Knight-Swift Transportation by 6.8% in the 4th quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company’s stock worth $423,265,000 after buying an additional 506,491 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Knight-Swift Transportation by 34.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock worth $76,224,000 after buying an additional 359,566 shares in the last quarter. WCM Investment Management LLC bought a new position in Knight-Swift Transportation during the fourth quarter valued at approximately $16,256,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Knight-Swift Transportation during the fourth quarter worth approximately $15,111,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

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 on Thursday, March 13th. The stock was acquired 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 owns 5,000 shares of the company’s stock, valued at approximately $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 this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation Price Performance

KNX stock opened at $44.63 on Friday. The firm has a 50-day moving average of $51.44 and a 200 day moving average of $53.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The company has a market cap of $7.23 billion, a P/E ratio of 61.14 and a beta of 0.97. Knight-Swift Transportation Holdings Inc. has a 1 year low of $42.72 and a 1 year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last released 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 return on equity of 2.43% and a net margin of 1.59%. On average, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current 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 paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.61%. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 98.63%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Susquehanna reduced their target price on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating on the stock in a report on Wednesday. Benchmark initiated coverage on Knight-Swift Transportation in a report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 price objective on the stock. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Raymond James lifted their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Bank of America increased their price objective 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. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.59.

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.