Highland Capital Management LLC Decreases Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Highland Capital Management LLC lessened its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,544 shares of the transportation company’s stock after selling 770 shares during the quarter. Highland Capital Management LLC’s holdings in Knight-Swift Transportation were worth $1,832,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators boosted its holdings in Knight-Swift Transportation by 87.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after purchasing an additional 348 shares during the last quarter. UMB Bank n.a. boosted 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 buying an additional 370 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Knight-Swift Transportation by 36.6% in the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after acquiring an additional 302 shares during the period. Venturi Wealth Management LLC increased its position in Knight-Swift Transportation by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 292 shares during the last quarter. Finally, Quarry LP lifted its holdings in Knight-Swift Transportation by 71.1% in the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 499 shares during the period. 88.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KNX. Bank of America boosted their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Morgan Stanley cut their price objective on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Stifel Nicolaus upped their target price on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Raymond James lifted their price target on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.38.

Knight-Swift Transportation Stock Up 0.4 %

Shares of KNX opened at $58.57 on Friday. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $61.51. The company has a market cap of $9.48 billion, a PE ratio of 80.23 and a beta of 0.98. The business has a fifty day moving average of $55.45 and a 200 day moving average of $53.67.

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%. On average, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio is currently 87.67%.

Insider Activity at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ploeg David Vander sold 500 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the transaction, the director now owns 30,729 shares in the company, valued at approximately $1,754,625.90. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

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.