Hantz Financial Services Inc. Buys 8,995 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Hantz Financial Services Inc. raised its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 42.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,162 shares of the transportation company’s stock after purchasing an additional 8,995 shares during the quarter. Hantz Financial Services Inc.’s holdings in Knight-Swift Transportation were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in KNX. Allspring Global Investments Holdings LLC lifted its stake in Knight-Swift Transportation by 13.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company’s stock worth $219,870,000 after purchasing an additional 467,647 shares during the last quarter. Geode Capital Management LLC lifted its position in Knight-Swift Transportation by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company’s stock worth $147,529,000 after buying an additional 46,436 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. Franklin Resources Inc. bought a new position in Knight-Swift Transportation during the third quarter valued at approximately $70,185,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Knight-Swift Transportation by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 1,337,737 shares of the transportation company’s stock worth $72,171,000 after acquiring an additional 6,803 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KNX shares. Barclays upped their price objective on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Stifel Nicolaus raised their price objective on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, October 25th. The Goldman Sachs Group boosted their target price 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. Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $48.00 to $67.00 in a research note on Friday, January 3rd. 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.38.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $57.09 on Friday. The company has a 50-day simple moving average of $55.49 and a two-hundred day simple moving average of $53.70. 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 firm has a market capitalization of $9.24 billion, a PE ratio of 78.21 and a beta of 0.98. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one 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, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, December 6th. Knight-Swift Transportation’s payout ratio is currently 87.67%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 29,779 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ploeg David Vander sold 500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the sale, the director now owns 30,729 shares in the company, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

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.