EverSource Wealth Advisors LLC Grows Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

EverSource Wealth Advisors LLC increased its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.8% in the 4th quarter, Holdings Channel reports. The firm owned 38,808 shares of the transportation company’s stock after buying an additional 1,766 shares during the period. EverSource Wealth Advisors LLC’s holdings in Knight-Swift Transportation were worth $2,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its position in Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after acquiring an additional 322 shares during the period. UMB Bank n.a. increased its stake in shares of Knight-Swift Transportation by 84.3% in the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after purchasing an additional 370 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Knight-Swift Transportation by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock worth $62,000 after purchasing an additional 292 shares in the last quarter. Quarry LP lifted its position in Knight-Swift Transportation by 71.1% during the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 499 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 213 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Trading Up 0.8 %

Shares of KNX stock opened at $46.75 on Thursday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $61.51. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average price is $53.41 and its 200-day moving average price is $53.69. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 64.04 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.54%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s payout ratio is 98.63%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KNX. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and lifted their target price for the company from $48.00 to $67.00 in a research report on Friday, January 3rd. Barclays lifted their target price on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Benchmark began coverage on Knight-Swift Transportation in a research report on Tuesday, March 4th. They set a “buy” rating and a $63.00 target price on the stock. Finally, Bank of America lifted their target price on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average target price of $59.41.

About Knight-Swift Transportation

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.