Commonwealth Equity Services LLC Has $1.19 Million Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Commonwealth Equity Services LLC reduced its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,416 shares of the transportation company’s stock after selling 566 shares during the period. Commonwealth Equity Services LLC’s holdings in Knight-Swift Transportation were worth $1,189,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of KNX. GAMMA Investing LLC lifted its position in shares of Knight-Swift Transportation by 18.5% during the fourth 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted 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 worth $67,000 after buying an additional 213 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Knight-Swift Transportation by 4.6% during the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock worth $280,000 after buying an additional 228 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Knight-Swift Transportation by 4.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company’s stock worth $281,000 after buying an additional 235 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Knight-Swift Transportation by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,924 shares of the transportation company’s stock valued at $261,000 after acquiring an additional 252 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $226,850. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

KNX has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on Knight-Swift Transportation from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group lifted their target price on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. TD Cowen increased their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Bank of America lifted their price objective on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Benchmark started coverage on shares of Knight-Swift Transportation in a research report on Tuesday, March 4th. They set a “buy” rating and a $63.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $58.59.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX opened at $43.52 on Tuesday. The stock has a fifty day moving average of $50.99 and a 200-day moving average of $53.10. The stock has a market cap of $7.05 billion, a PE ratio of 59.62 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $42.47 and a fifty-two week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating 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 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 was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.65%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 98.63%.

Knight-Swift Transportation Profile

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.