Thrivent Financial for Lutherans Acquires 235 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Thrivent Financial for Lutherans grew its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 0.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,337,972 shares of the transportation company’s stock after acquiring an additional 235 shares during the period. Thrivent Financial for Lutherans owned 0.83% of Knight-Swift Transportation worth $70,966,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its position in shares of Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 322 shares during the period. UMB Bank n.a. raised its position in shares of Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 370 shares during the period. Quarry LP raised its position in shares of Knight-Swift Transportation by 71.1% during the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 499 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Knight-Swift Transportation by 20.5% during the 4th 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 during the period. Finally, GAMMA Investing LLC raised its position in shares of Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 208 shares during the period. 88.77% of the stock is currently owned by institutional investors.

Insider Activity at Knight-Swift Transportation

In related news, Director Douglas L. Col acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $226,850. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on KNX. StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Citigroup raised shares of Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 target price for the company in a research note on Monday, March 10th. Benchmark initiated coverage on shares of Knight-Swift Transportation in a research note on Tuesday, March 4th. They set a “buy” rating and a $63.00 target price for the company. The Goldman Sachs Group raised their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Raymond James raised their target price on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.41.

Knight-Swift Transportation Price Performance

KNX stock opened at $46.36 on Wednesday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $44.95 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 company has a 50-day moving average price of $52.82 and a 200 day moving average price of $53.54. The stock has a market cap of $7.51 billion, a PE ratio of 63.50 and a beta of 0.97.

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

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.55%. Knight-Swift Transportation’s payout ratio is currently 98.63%.

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.