PNC Financial Services Group Inc. grew its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 57.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,799 shares of the transportation company's stock after buying an additional 29,824 shares during the period. PNC Financial Services Group Inc. owned approximately 0.05% of Knight-Swift Transportation worth $4,339,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in KNX. GAMMA Investing LLC lifted its holdings in shares of Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after buying an additional 208 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock worth $67,000 after purchasing an additional 213 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Knight-Swift Transportation by 4.6% during the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company's stock worth $280,000 after purchasing an additional 228 shares during the period. Concurrent Investment Advisors LLC grew its position in Knight-Swift Transportation by 4.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company's stock worth $281,000 after buying an additional 235 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Knight-Swift Transportation by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,924 shares of the transportation company's stock worth $261,000 after acquiring an additional 252 shares during the period. Institutional investors own 88.77% of the company's stock.
In other 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 acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $226,850. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company's stock.
Shares of Knight-Swift Transportation stock traded up $0.96 on Friday, hitting $46.56. 2,699,893 shares of the company's stock traded hands, compared to its average volume of 2,116,250. The firm's 50-day moving average price is $53.27 and its two-hundred day moving average price is $53.64. The stock has a market capitalization of $7.54 billion, a PE ratio of 63.77 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. Knight-Swift Transportation Holdings Inc. has a one year low of $44.95 and a one year high of $61.51.
Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating 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, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be paid a $0.18 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.55%. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's payout ratio is presently 98.63%.
KNX has been the topic of a number of analyst reports. TD Cowen upped their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Susquehanna raised shares of Knight-Swift Transportation from a "neutral" rating to a "positive" rating and upped their target price for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. The Goldman Sachs Group boosted their price target on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Bank of America raised their price objective on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Finally, Raymond James increased their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.41.
Read Our Latest Report on KNX
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.
Before you consider Knight-Swift Transportation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Knight-Swift Transportation wasn't on the list.
While Knight-Swift Transportation currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.