Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Shelton Capital Management

Shelton Capital Management lowered its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,109 shares of the transportation company’s stock after selling 373 shares during the quarter. Shelton Capital Management’s holdings in Knight-Swift Transportation were worth $324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Knight-Swift Transportation by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after acquiring an additional 208 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Knight-Swift Transportation by 20.5% in 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 in the last quarter. Signaturefd LLC boosted its stake in shares of Knight-Swift Transportation by 8.5% during the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock valued at $147,000 after buying an additional 218 shares during the last quarter. MML Investors Services LLC grew its position in shares of Knight-Swift Transportation by 4.6% during the third 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. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Knight-Swift Transportation by 4.6% in the fourth 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. 88.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KNX has been the topic of a number of research analyst reports. Citigroup upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $53.00 to $48.00 in a research note on Tuesday. Wells Fargo & Company reduced their price target on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Raymond James boosted their price objective on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group reduced their target price on Knight-Swift Transportation from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Bank of America downgraded Knight-Swift Transportation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $66.00 to $46.00 in a report on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and a consensus target price of $56.59.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $40.57 on Friday. The firm has a fifty day moving average of $47.78 and a 200-day moving average of $52.29. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 55.58 and a beta of 1.16. 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 1 year low of $36.69 and a 1 year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. As a group, equities 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.77%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s payout ratio is presently 98.63%.

Insiders Place Their Bets

In related news, Director Douglas L. Col acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by insiders.

Knight-Swift Transportation Company 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.