Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by UMB Bank n.a.

UMB Bank n.a. lifted its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 84.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 809 shares of the transportation company’s stock after buying an additional 370 shares during the period. UMB Bank n.a.’s holdings in Knight-Swift Transportation were worth $43,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Knight-Swift Transportation by 13.0% in the 3rd 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 period. Geode Capital Management LLC lifted its position in 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of 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 acquiring an additional 359,566 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Knight-Swift Transportation in the 3rd quarter valued at $70,185,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Knight-Swift Transportation by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,337,737 shares of the transportation company’s stock valued at $72,171,000 after acquiring an additional 6,803 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $57.22 on Friday. The stock has a market capitalization of $9.26 billion, a P/E ratio of 78.38, a P/E/G ratio of 1.02 and a beta of 0.98. The firm’s 50-day moving average price is $55.31 and its two-hundred day moving average price is $53.44. 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 quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31.

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

Knight-Swift Transportation Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KNX. Bank of America increased their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Raymond James raised their target price on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a report on Thursday. Evercore ISI upped their price target on Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. The Goldman Sachs Group lifted their price objective 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. Finally, Stifel Nicolaus raised their price target on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a report on Friday, October 25th. One investment 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.com, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and an average target price of $59.38.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Ploeg David Vander sold 500 shares of the business’s stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Kevin P. Knight sold 29,779 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

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.