GAMMA Investing LLC Has $71,000 Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

GAMMA Investing LLC increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 18.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,335 shares of the transportation company’s stock after purchasing an additional 208 shares during the quarter. GAMMA Investing LLC’s holdings in Knight-Swift Transportation were worth $71,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in shares of Knight-Swift Transportation by 0.8% during the second quarter. Commonwealth Equity Services LLC now owns 24,633 shares of the transportation company’s stock worth $1,230,000 after buying an additional 196 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Knight-Swift Transportation during the 2nd quarter valued at $91,000. Daiwa Securities Group Inc. raised its position in Knight-Swift Transportation by 4.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 11,097 shares of the transportation company’s stock valued at $554,000 after purchasing an additional 500 shares during the last quarter. American Century Companies Inc. boosted its stake in Knight-Swift Transportation by 5.1% in the second quarter. American Century Companies Inc. now owns 1,219,696 shares of the transportation company’s stock worth $60,887,000 after purchasing an additional 59,341 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Knight-Swift Transportation by 284.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 71,822 shares of the transportation company’s stock worth $3,479,000 after purchasing an additional 53,156 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Insider Transactions at Knight-Swift Transportation

In related news, Director Ploeg David Vander sold 500 shares of the firm’s stock in a transaction 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 directly owns 30,729 shares in the company, valued at $1,754,625.90. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was 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. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James lifted their price target on Knight-Swift Transportation from $60.00 to $62.00 and gave the company a “strong-buy” rating in a report on Friday. TD Cowen boosted their target price on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Citigroup cut shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a research note on Tuesday, November 12th. Bank of America dropped their price objective on shares of Knight-Swift Transportation from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group increased their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.44.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX opened at $52.38 on Friday. The firm’s 50 day simple moving average is $55.50 and its 200 day simple moving average is $53.04. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 227.75, a P/E/G ratio of 1.89 and a beta of 0.98. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared 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. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio is currently 278.26%.

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.