Game Creek Capital LP lifted its position in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 139.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,900 shares of the transportation company’s stock after purchasing an additional 91,900 shares during the period. Knight-Swift Transportation accounts for approximately 1.9% of Game Creek Capital LP’s investment portfolio, making the stock its 20th biggest holding. Game Creek Capital LP owned approximately 0.09% of Knight-Swift Transportation worth $3,959,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Paradigm Asset Management Co. LLC bought a new position in Knight-Swift Transportation during the 3rd quarter worth $53,000. We Are One Seven LLC bought a new position in Knight-Swift Transportation during the 4th quarter worth $74,000. Oregon Public Employees Retirement Fund increased its stake in Knight-Swift Transportation by 2,585.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,390,048 shares of the transportation company’s stock worth $95,000 after acquiring an additional 2,301,060 shares during the period. Belpointe Asset Management LLC bought a new position in Knight-Swift Transportation during the 3rd quarter worth $104,000. Finally, Ffcm LLC bought a new position in Knight-Swift Transportation during the 4th quarter worth $106,000. Institutional investors own 82.23% of the company’s stock.
In other news, insider Jerry Moyes sold 1,173,680 shares of Knight-Swift Transportation stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $24.98, for a total value of $29,318,526.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Gary J. Knight sold 180,368 shares of Knight-Swift Transportation stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $33.18, for a total value of $5,984,610.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,510,508 shares of company stock worth $40,515,045 over the last ninety days. Company insiders own 27.50% of the company’s stock.
Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Tuesday, January 29th. The transportation company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.01. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.44 billion. Knight-Swift Transportation had a return on equity of 8.46% and a net margin of 7.85%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. On average, equities research analysts forecast that Knight-Swift Transportation Holdings Inc will post 2.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Monday, March 4th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, March 1st. Knight-Swift Transportation’s payout ratio is presently 9.38%.
A number of equities analysts have commented on KNX shares. Zacks Investment Research lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research note on Monday, December 17th. ValuEngine lowered Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. TheStreet upgraded Knight-Swift Transportation from a “c+” rating to a “b-” rating in a research note on Wednesday, February 13th. UBS Group restated a “neutral” rating and set a $36.00 price objective (down previously from $43.00) on shares of Knight-Swift Transportation in a research note on Tuesday, December 4th. Finally, Wolfe Research lowered Knight-Swift Transportation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 22nd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $45.17.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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