Dupont Capital Management Corp decreased its position in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,636 shares of the transportation company’s stock after selling 7,483 shares during the quarter. Dupont Capital Management Corp’s holdings in Knight-Swift Transportation were worth $768,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNX. Paradigm Asset Management Co. LLC bought a new position in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $53,000. We Are One Seven LLC purchased a new stake in Knight-Swift Transportation during the fourth quarter worth $74,000. Belpointe Asset Management LLC purchased a new stake in Knight-Swift Transportation during the third quarter worth $104,000. Stratos Wealth Partners LTD. purchased a new stake in Knight-Swift Transportation during the third quarter worth $135,000. Finally, First Interstate Bank purchased a new position in Knight-Swift Transportation during the third quarter valued at $194,000. 82.33% of the stock is currently owned by institutional investors.
Shares of NYSE:KNX opened at $33.49 on Thursday. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 0.77 and a beta of 1.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.48 and a quick ratio of 1.43. Knight-Swift Transportation Holdings Inc has a 52-week low of $23.27 and a 52-week high of $50.35.
Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Tuesday, January 29th. The transportation company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.01. Knight-Swift Transportation had a return on equity of 8.46% and a net margin of 7.85%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts anticipate that Knight-Swift Transportation Holdings Inc will post 2.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Monday, March 4th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, March 1st. Knight-Swift Transportation’s dividend payout ratio (DPR) is 9.38%.
In related news, insider Jerry Moyes sold 1,173,680 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $24.98, for a total value of $29,318,526.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Synowicki, Jr. purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The stock was bought at an average price of $28.83 per share, with a total value of $28,830.00. The disclosure for this purchase can be found here. 27.50% of the stock is currently owned by company insiders.
A number of brokerages have recently commented on KNX. Zacks Investment Research cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research report on Monday, December 17th. ValuEngine raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. UBS Group reissued a “neutral” rating and issued a $36.00 price objective (down previously from $43.00) on shares of Knight-Swift Transportation in a research note on Tuesday, December 4th. Goldman Sachs Group upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $46.00 to $48.00 in a research note on Thursday, November 8th. They noted that the move was a valuation call. Finally, Morgan Stanley set a $53.00 price objective on shares of Knight-Swift Transportation and gave the stock a “buy” rating in a report on Monday, October 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $45.17.
Knight-Swift Transportation Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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