Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNXFree Report) by 28.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,610 shares of the transportation company’s stock after selling 89,551 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Knight-Swift Transportation worth $13,126,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KNX. Cornerstone Capital Inc. raised its holdings in Knight-Swift Transportation by 200.9% in the fourth quarter. Cornerstone Capital Inc. now owns 14,880 shares of the transportation company’s stock valued at $858,000 after acquiring an additional 9,935 shares in the last quarter. Truist Financial Corp lifted its position in shares of Knight-Swift Transportation by 1.7% during the 4th quarter. Truist Financial Corp now owns 665,661 shares of the transportation company’s stock worth $38,375,000 after purchasing an additional 11,343 shares during the last quarter. VCI Wealth Management LLC acquired a new position in shares of Knight-Swift Transportation during the fourth quarter worth $717,000. State of New Jersey Common Pension Fund D increased its holdings in Knight-Swift Transportation by 4.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 83,304 shares of the transportation company’s stock valued at $4,802,000 after buying an additional 3,511 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Knight-Swift Transportation by 9.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,692 shares of the transportation company’s stock valued at $270,000 after buying an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Analysts Set New Price Targets

KNX has been the subject of several analyst reports. Loop Capital cut Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $63.00 to $53.00 in a research report on Thursday, April 18th. TD Cowen lowered their target price on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Stifel Nicolaus lowered shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price target for the stock from $53.00 to $47.00 in a research note on Friday, April 26th. Evercore ISI reduced their price target on shares of Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating for the company in a research report on Thursday, April 25th. Finally, Stephens dropped their price objective on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $57.71.

Check Out Our Latest Research Report on Knight-Swift Transportation

Insiders Place Their Bets

In other news, CAO Cary M. Flanagan sold 2,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the transaction, the chief accounting officer now directly owns 5,118 shares of the company’s stock, valued at approximately $287,836.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

Knight-Swift Transportation Stock Performance

NYSE:KNX opened at $47.07 on Friday. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 70.25, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.94. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $60.99. The firm’s fifty day moving average price is $52.45 and its 200 day moving average price is $54.11.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.29 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, June 7th. Knight-Swift Transportation’s dividend payout ratio is presently 95.52%.

Knight-Swift Transportation Profile

(Free Report)

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.

Further Reading

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

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