Zeke Capital Advisors LLC bought a new stake in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,850 shares of the transportation company’s stock, valued at approximately $299,000.

Several other hedge funds have also made changes to their positions in KNX. New York State Common Retirement Fund boosted its holdings in shares of Knight-Swift Transportation by 66.3% during the 3rd quarter. New York State Common Retirement Fund now owns 160,715 shares of the transportation company’s stock valued at $6,678,000 after buying an additional 64,093 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Knight-Swift Transportation during the 3rd quarter valued at $234,000. Rhumbline Advisers boosted its holdings in shares of Knight-Swift Transportation by 83.5% during the 3rd quarter. Rhumbline Advisers now owns 289,887 shares of the transportation company’s stock valued at $12,045,000 after buying an additional 131,946 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of Knight-Swift Transportation during the 3rd quarter valued at $1,862,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Knight-Swift Transportation during the 3rd quarter valued at $17,372,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.

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Shares of Knight-Swift Transportation Holdings Inc (NYSE KNX) traded up $0.16 during trading hours on Tuesday, reaching $49.71. The company’s stock had a trading volume of 48,342 shares, compared to its average volume of 2,008,970. Knight-Swift Transportation Holdings Inc has a fifty-two week low of $26.68 and a fifty-two week high of $51.94. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12. The stock has a market cap of $8,866.68, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.46 and a beta of 1.68.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Tuesday, January 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.13. Knight-Swift Transportation had a return on equity of 5.92% and a net margin of 12.58%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm earned $0.29 EPS. Knight-Swift Transportation’s revenue was up 370.2% on a year-over-year basis. sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc will post 2.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Thursday, March 1st will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, February 28th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 8.35%.

A number of analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Knight-Swift Transportation in a report on Wednesday, December 13th. They set an “overweight” rating and a $50.00 target price on the stock. Knight Equity upgraded shares of Knight-Swift Transportation to a “buy” rating in a research note on Sunday, November 26th. Buckingham Research upped their price target on shares of Knight-Swift Transportation from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. KeyCorp upped their price target on shares of Knight-Swift Transportation from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo upped their price target on shares of Knight-Swift Transportation from $36.00 to $48.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $49.60.

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Knight-Swift Transportation Company Profile

Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.

Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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