Caisse DE Depot ET Placement DU Quebec Decreases Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Caisse DE Depot ET Placement DU Quebec trimmed its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,186,213 shares of the transportation company’s stock after selling 226,656 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Knight-Swift Transportation were worth $62,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of KNX. Parkside Financial Bank & Trust grew its holdings in Knight-Swift Transportation by 88.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after acquiring an additional 322 shares during the last quarter. UMB Bank n.a. lifted its holdings in 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 period. MassMutual Private Wealth & Trust FSB grew 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 worth $67,000 after buying an additional 213 shares during the last quarter. GAMMA Investing LLC increased its stake 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 buying an additional 208 shares during the period. Finally, Arcadia Investment Management Corp MI raised its holdings in shares of Knight-Swift Transportation by 167.2% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 836 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KNX shares. Citigroup raised 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 report on Tuesday, April 8th. Benchmark reaffirmed a “buy” rating and set a $63.00 price objective on shares of Knight-Swift Transportation in a research report on Monday, April 14th. Bank of America cut Knight-Swift Transportation from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $66.00 to $46.00 in a research note on Tuesday, April 1st. TD Securities lowered their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, Barclays reduced their target price on shares of Knight-Swift Transportation from $62.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.60.

Knight-Swift Transportation Stock Performance

KNX stock opened at $39.00 on Friday. The stock’s 50 day simple moving average is $43.35 and its 200 day simple moving average is $50.99. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The stock has a market capitalization of $6.32 billion, a PE ratio of 53.43 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. Knight-Swift Transportation’s payout ratio is 76.60%.

Insider Activity at Knight-Swift Transportation

In related news, Director Douglas L. Col bought 5,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost 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. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is 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.