Proficio Capital Partners LLC Takes Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

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

Several other hedge funds have also recently added to or reduced their stakes in KNX. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $3,729,000. Charles Schwab Investment Management Inc. raised its position in shares of Knight-Swift Transportation by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock worth $61,878,000 after purchasing an additional 26,346 shares during the period. Stanley Laman Group Ltd. bought a new position in shares of Knight-Swift Transportation during the 4th quarter valued at about $3,021,000. Jane Street Group LLC grew its position in shares of Knight-Swift Transportation by 30.9% in the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock valued at $3,771,000 after purchasing an additional 16,500 shares during the period. Finally, Paloma Partners Management Co boosted its holdings in shares of Knight-Swift Transportation by 681.6% in the third quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock valued at $3,237,000 after buying an additional 52,323 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KNX shares. Bank of America raised 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, January 23rd. Benchmark began coverage on Knight-Swift Transportation in a research note on Tuesday, March 4th. They issued a “buy” rating and a $63.00 price objective for the company. Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their price target for the company from $48.00 to $67.00 in a research note on Friday, January 3rd. Finally, Barclays lifted their price objective on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average target price of $59.59.

Knight-Swift Transportation Trading Down 3.8 %

Shares of NYSE KNX opened at $47.07 on Friday. The company has a market cap of $7.62 billion, a PE ratio of 64.48 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The firm’s 50 day moving average price is $53.79 and its 200-day moving average price is $53.84. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS 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%. 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 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 represents a $0.72 annualized dividend and a yield of 1.53%. This is a positive change 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 98.63%.

Knight-Swift Transportation Company 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.