14,126 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,126 shares of the transportation company’s stock, valued at approximately $749,000.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in Knight-Swift Transportation in the 3rd quarter valued at $88,000. Charles Schwab Investment Management Inc. lifted its stake in Knight-Swift Transportation by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock valued at $61,878,000 after purchasing an additional 26,346 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Knight-Swift Transportation by 9.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,197 shares of the transportation company’s stock worth $658,000 after acquiring an additional 1,100 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Knight-Swift Transportation by 180.6% in the third quarter. Bank of Montreal Can now owns 81,266 shares of the transportation company’s stock valued at $4,392,000 after buying an additional 52,309 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Knight-Swift Transportation by 116.1% during the third quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company’s stock worth $7,056,000 after purchasing an additional 70,276 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Down 0.3 %

Shares of KNX opened at $44.39 on Friday. The firm has a market capitalization of $7.19 billion, a P/E ratio of 60.81 and a beta of 0.97. Knight-Swift Transportation Holdings Inc. has a 12-month low of $42.72 and a 12-month high of $61.51. The firm has a fifty day moving average price of $52.30 and a 200-day moving average price of $53.37. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping 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%. Equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be given a dividend of $0.18 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio is currently 98.63%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KNX. Benchmark began coverage on Knight-Swift Transportation in a report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 target price for the company. The Goldman Sachs Group raised their target price on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Citigroup upgraded Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price target for the company in a report on Monday, March 10th. StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.41.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Director Douglas L. Col acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $226,850. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by company insiders.

About Knight-Swift Transportation

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.