Glenmede Trust Co. NA lifted its holdings in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 12.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,142,423 shares of the transportation company’s stock after purchasing an additional 124,176 shares during the period. Glenmede Trust Co. NA owned about 0.64% of Knight-Swift Transportation worth $49,944,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Knight-Swift Transportation by 6.0% in the 4th quarter. BlackRock Inc. now owns 14,341,294 shares of the transportation company’s stock worth $627,000,000 after purchasing an additional 808,692 shares during the period. Wasatch Advisors Inc. lifted its position 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 worth $231,220,000 after purchasing an additional 431,493 shares during the period. Standard Life Aberdeen plc purchased a new stake in shares of Knight-Swift Transportation in the 4th quarter worth approximately $225,393,000. Victory Capital Management Inc. lifted its position 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 worth $78,740,000 after purchasing an additional 1,443,312 shares during the period. Finally, Brown Advisory Inc. lifted its position in shares of Knight-Swift Transportation by 1.7% in the 4th quarter. Brown Advisory Inc. now owns 1,224,003 shares of the transportation company’s stock worth $53,513,000 after purchasing an additional 20,470 shares during the period. 80.52% of the stock is owned by hedge funds and other institutional investors.

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Shares of Knight-Swift Transportation Holdings Inc (KNX) opened at $49.76 on Friday. Knight-Swift Transportation Holdings Inc has a 52-week low of $26.68 and a 52-week high of $51.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $8,866.68, a P/E ratio of 38.34, a P/E/G ratio of 1.46 and a beta of 1.68.

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

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

KNX has been the subject of several research reports. Knight Equity raised shares of Knight-Swift Transportation to a “buy” rating in a research report on Sunday, November 26th. Morgan Stanley initiated coverage on shares of Knight-Swift Transportation in a research report on Wednesday, December 13th. They issued an “overweight” rating and a $50.00 price target for the company. 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 report on Tuesday, January 2nd. Zacks Investment Research raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Wednesday, January 31st. Finally, Cowen upped their price target on shares of Knight-Swift Transportation from $38.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 31st. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Knight-Swift Transportation presently has an average rating of “Buy” and a consensus price target of $49.60.

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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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