Coyle Financial Counsel LLC Cuts Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Coyle Financial Counsel LLC reduced its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 16.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,208 shares of the transportation company’s stock after selling 3,006 shares during the period. Coyle Financial Counsel LLC’s holdings in Knight-Swift Transportation were worth $807,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in KNX. Deseret Mutual Benefit Administrators raised its position in shares of Knight-Swift Transportation by 87.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after buying an additional 348 shares during the period. UMB Bank n.a. raised its position in Knight-Swift Transportation by 84.3% in the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 370 shares during the period. Venturi Wealth Management LLC raised its position in Knight-Swift Transportation by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 292 shares during the period. Quarry LP raised its position 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 purchasing an additional 499 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in Knight-Swift Transportation by 20.5% in the fourth 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 during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Down 2.8 %

NYSE:KNX opened at $50.67 on Tuesday. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 69.41 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $61.51. The stock has a 50-day simple moving average of $54.51 and a 200 day simple moving average of $54.08. 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 (NYSE:KNX) last posted 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 return on equity of 2.43% and a net margin of 1.59%. Sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 98.63%.

Wall Street Analyst Weigh In

Several research analysts have commented on KNX shares. Bank of America raised their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. The Goldman Sachs Group raised their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their price objective for the company from $48.00 to $67.00 in a research report on Friday, January 3rd. Citigroup lowered Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective on the stock. in a research report on Tuesday, November 12th. Finally, StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $59.38.

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.