Swiss National Bank Sells 22,500 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Swiss National Bank lessened its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 457,196 shares of the transportation company’s stock after selling 22,500 shares during the period. Swiss National Bank owned 0.28% of Knight-Swift Transportation worth $24,250,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KNX. Parkside Financial Bank & Trust raised its position in shares of Knight-Swift Transportation by 88.7% during the fourth 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. increased 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 worth $43,000 after purchasing an additional 370 shares during the period. Quarry LP raised its holdings in Knight-Swift Transportation by 71.1% during the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock worth $65,000 after purchasing an additional 499 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in 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 valued at $67,000 after purchasing an additional 213 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after buying an additional 208 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $226,850. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on KNX. The Goldman Sachs Group increased their price objective on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their price target for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. Bank of America lifted their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Raymond James increased their target price on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup raised Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price target for the company in a research note on Monday, March 10th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.41.

Knight-Swift Transportation Stock Performance

KNX opened at $47.06 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 64.46 and a beta of 0.97. The business’s 50-day moving average price is $52.97 and its two-hundred day moving average price is $53.58. Knight-Swift Transportation Holdings Inc. has a 1 year low of $44.95 and a 1 year high of $61.51.

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

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be given a $0.18 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.53%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s dividend payout ratio (DPR) is 98.63%.

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.