Hood River Capital Management LLC grew its position in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 8.4% in the fourth quarter, Holdings Channel reports. The fund owned 1,195,701 shares of the transportation company’s stock after acquiring an additional 92,759 shares during the quarter. Knight-Swift Transportation accounts for 3.0% of Hood River Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Hood River Capital Management LLC’s holdings in Knight-Swift Transportation were worth $52,276,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of Knight-Swift Transportation by 97.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,427,755 shares of the transportation company’s stock valued at $350,174,000 after acquiring an additional 4,151,669 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Knight-Swift Transportation by 10.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,279,350 shares of the transportation company’s stock valued at $232,649,000 after acquiring an additional 590,259 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in shares of Knight-Swift Transportation by 8.4% in the 3rd quarter. Wasatch Advisors Inc. now owns 5,564,873 shares of the transportation company’s stock valued at $231,220,000 after acquiring an additional 431,493 shares during the last quarter. State Street Corp lifted its stake in shares of Knight-Swift Transportation by 6.7% in the 2nd quarter. State Street Corp now owns 1,837,500 shares of the transportation company’s stock valued at $68,084,000 after acquiring an additional 115,433 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Knight-Swift Transportation by 403.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,800,988 shares of the transportation company’s stock valued at $78,740,000 after acquiring an additional 1,443,312 shares during the last quarter. Institutional investors own 77.78% of the company’s stock.

Shares of Knight-Swift Transportation Holdings Inc (KNX) opened at $47.26 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. Knight-Swift Transportation Holdings Inc has a 1-year low of $26.68 and a 1-year high of $51.94. The firm has a market capitalization of $8,409.11, a PE ratio of 16.45 and a beta of 1.71.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly 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 firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business posted $0.29 EPS. The business’s revenue was up 370.2% compared to the same quarter last year. sell-side analysts predict that Knight-Swift Transportation Holdings Inc will post 2.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.51%. Knight-Swift Transportation’s payout ratio is currently 2.09%.

KNX has been the subject of a number of research reports. Knight Equity upgraded Knight-Swift Transportation to a “buy” rating in a research note on Sunday, November 26th. UBS Group dropped their price target on Knight-Swift Transportation from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Wednesday, January 31st. Buckingham Research increased their price objective on Knight-Swift Transportation from $57.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, Barclays upgraded Knight-Swift Transportation from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $47.00 to $50.00 in a report on Thursday, February 1st. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.60.

In other news, General Counsel Todd F. Carlson sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.24, for a total value of $353,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Garnreiter sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $38.50, for a total value of $96,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,500 shares of company stock valued at $492,410. Company insiders own 9.90% of the company’s stock.

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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.

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

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