Dakota Wealth Management Acquires Shares of 3,940 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Dakota Wealth Management acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,940 shares of the transportation company’s stock, valued at approximately $209,000.

Several other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings 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 valued at $219,870,000 after purchasing an additional 467,647 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Knight-Swift Transportation by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company’s stock valued at $147,529,000 after buying an additional 46,436 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Knight-Swift Transportation by 34.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock valued at $76,224,000 after buying an additional 359,566 shares during the period. Franklin Resources Inc. bought a new stake in shares of Knight-Swift Transportation during the third quarter valued at about $70,185,000. Finally, Thrivent Financial for Lutherans increased its position 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 valued at $72,171,000 after buying an additional 6,803 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ploeg David Vander sold 500 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KNX. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus upped their price target on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Morgan Stanley decreased their price target on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price objective on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Finally, Citigroup cut shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective on the stock. in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine 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 currently has an average rating of “Moderate Buy” and an average target price of $59.38.

Knight-Swift Transportation Stock Down 0.6 %

Shares of NYSE KNX opened at $57.22 on Monday. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $61.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50 day simple moving average is $55.31 and its two-hundred day simple moving average is $53.48. The stock has a market capitalization of $9.26 billion, a P/E ratio of 78.38, a PEG ratio of 1.02 and a beta of 0.98.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. As a group, analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.11 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

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

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.