Keybank National Association OH Has $218,000 Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Keybank National Association OH increased its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,104 shares of the transportation company’s stock after purchasing an additional 383 shares during the quarter. Keybank National Association OH’s holdings in Knight-Swift Transportation were worth $218,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Knight-Swift Transportation by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company’s stock worth $62,340,000 after purchasing an additional 28,387 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Knight-Swift Transportation by 45.5% during the fourth quarter. Jones Financial Companies Lllp now owns 10,739 shares of the transportation company’s stock worth $570,000 after purchasing an additional 3,357 shares during the period. First American Bank boosted its holdings in shares of Knight-Swift Transportation by 1.9% during the fourth quarter. First American Bank now owns 67,329 shares of the transportation company’s stock worth $3,571,000 after purchasing an additional 1,276 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Knight-Swift Transportation by 88.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after purchasing an additional 322 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Knight-Swift Transportation during the fourth quarter worth approximately $749,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Raymond James raised their price target on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. TD Cowen lifted their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their target price 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. Barclays lifted their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Benchmark initiated coverage on shares of Knight-Swift Transportation in a research note on Tuesday, March 4th. They issued a “buy” rating and a $63.00 target price for the company. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.41.

Knight-Swift Transportation Trading Down 1.2 %

Shares of KNX stock opened at $46.33 on Wednesday. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $61.51. The firm’s fifty day simple moving average is $53.54 and its 200 day simple moving average is $53.74. The firm has a market capitalization of $7.50 billion, a P/E ratio of 63.46 and a beta of 0.97. 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 announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (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%. As a group, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, March 7th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s payout ratio is 98.63%.

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.