EverSource Wealth Advisors LLC Purchases 1,766 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

EverSource Wealth Advisors LLC grew its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,808 shares of the transportation company’s stock after buying an additional 1,766 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Knight-Swift Transportation were worth $2,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC increased its position 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 acquiring an additional 208 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Knight-Swift Transportation by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 213 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Knight-Swift Transportation by 4.6% during the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock valued at $280,000 after purchasing an additional 228 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Knight-Swift Transportation by 4.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company’s stock valued at $281,000 after purchasing an additional 235 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Knight-Swift Transportation by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 4,924 shares of the transportation company’s stock valued at $261,000 after purchasing an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 0.8 %

Shares of NYSE KNX opened at $46.75 on Thursday. The firm’s 50 day moving average price is $53.41 and its 200-day moving average price is $53.69. The company has a market cap of $7.57 billion, a PE ratio of 64.04 and a beta of 0.97. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, topping 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%. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.54%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s payout ratio is presently 98.63%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KNX shares. The Goldman Sachs Group lifted their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Citigroup raised shares of Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 target price on the stock in a research note on Monday. StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Benchmark assumed coverage on shares of Knight-Swift Transportation in a research note on Tuesday, March 4th. They set a “buy” rating and a $63.00 price objective on the stock. Finally, Bank of America boosted their price objective on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and a consensus target price of $59.41.

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.