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

Kennedy Capital Management LLC lowered its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,455 shares of the transportation company’s stock after selling 2,264 shares during the quarter. Kennedy Capital Management LLC’s holdings in Knight-Swift Transportation were worth $2,093,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Stanley Laman Group Ltd. acquired a new stake in shares of Knight-Swift Transportation during the 4th quarter valued at $3,021,000. Jane Street Group LLC boosted its stake in Knight-Swift Transportation by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock valued at $3,771,000 after purchasing an additional 16,500 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Knight-Swift Transportation by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company’s stock valued at $62,340,000 after acquiring an additional 28,387 shares during the period. Principal Financial Group Inc. boosted its holdings in Knight-Swift Transportation by 21.5% in the 3rd quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company’s stock valued at $35,242,000 after purchasing an additional 115,447 shares during the period. Finally, New England Research & Management Inc. grew its position in Knight-Swift Transportation by 199.2% during the fourth quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company’s stock worth $1,571,000 after buying an additional 19,725 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $226,850. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. TD Cowen lifted their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Barclays cut their price objective on Knight-Swift Transportation from $68.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. The Goldman Sachs Group reduced their target price on shares of Knight-Swift Transportation from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday. Bank of America cut Knight-Swift Transportation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $66.00 to $46.00 in a report on Tuesday, April 1st. Finally, Benchmark began coverage on shares of Knight-Swift Transportation in a research note on Tuesday, March 4th. They issued a “buy” rating and a $63.00 price objective on the stock. Eight 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.94.

Knight-Swift Transportation Price Performance

KNX stock opened at $39.84 on Monday. 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 stock has a market cap of $6.45 billion, a PE ratio of 54.57 and a beta of 1.16. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The stock has a 50-day moving average price of $47.45 and a two-hundred day moving average price of $52.19.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating 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 analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.81%. Knight-Swift Transportation’s dividend payout ratio (DPR) 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.