AMP Capital Investors Ltd Acquires New Position in Knight-Swift Transportation Holdings Inc (KNX)

AMP Capital Investors Ltd acquired a new stake in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,100 shares of the transportation company’s stock, valued at approximately $879,000.

Several other large investors have also recently modified their holdings of the company. Driehaus Capital Management LLC bought a new position in shares of Knight-Swift Transportation during the fourth quarter valued at about $1,789,000. Thrivent Financial For Lutherans bought a new position in shares of Knight-Swift Transportation during the fourth quarter valued at about $1,220,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Knight-Swift Transportation by 17.6% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 56,209 shares of the transportation company’s stock valued at $2,457,000 after acquiring an additional 8,400 shares during the last quarter. 12th Street Asset Management Company LLC raised its stake in shares of Knight-Swift Transportation by 3.5% during the fourth quarter. 12th Street Asset Management Company LLC now owns 378,111 shares of the transportation company’s stock valued at $16,531,000 after acquiring an additional 12,856 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Knight-Swift Transportation during the fourth quarter valued at about $10,345,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts have recently commented on KNX shares. Barclays raised shares of Knight-Swift Transportation from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $47.00 to $50.00 in a research note on Thursday, February 1st. Wolfe Research raised shares of Knight-Swift Transportation from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research note on Monday, February 5th. Stephens upped their price objective on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Zacks Investment Research raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, January 31st. Finally, Morgan Stanley increased their price target on shares of Knight-Swift Transportation from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Knight-Swift Transportation presently has an average rating of “Buy” and an average target price of $49.60.

Knight-Swift Transportation Holdings Inc (NYSE KNX) opened at $47.34 on Monday. Knight-Swift Transportation Holdings Inc has a one year low of $26.68 and a one year high of $51.94. The stock has a market cap of $8,435.47, a PE ratio of 16.48, a P/E/G ratio of 1.39 and a beta of 1.68. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.12.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Thursday, March 1st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, February 28th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 8.35%.

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Knight-Swift Transportation 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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