Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. reduced its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 69.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,015 shares of the transportation company’s stock after selling 2,326 shares during the period. Johnson Financial Group Inc.’s holdings in Knight-Swift Transportation were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after buying an additional 322 shares in the last quarter. UMB Bank n.a. grew its stake in Knight-Swift Transportation by 84.3% during the 4th 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 last quarter. MassMutual Private Wealth & Trust FSB grew its stake 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 last quarter. GAMMA Investing LLC grew its stake in Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 208 shares during the last quarter. Finally, Arcadia Investment Management Corp MI grew its stake in Knight-Swift Transportation by 167.2% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 836 shares during the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $38.83 on Tuesday. The company has a market capitalization of $6.29 billion, a P/E ratio of 53.19 and a beta of 1.16. The business’s 50 day moving average is $44.12 and its two-hundred day moving average is $51.24. 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.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 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 business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were issued a $0.18 dividend. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.85%. The ex-dividend date was Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio is presently 76.60%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Bank of America downgraded Knight-Swift Transportation from a “buy” rating to a “neutral” rating and dropped their price target for the company from $66.00 to $46.00 in a research note on Tuesday, April 1st. Susquehanna dropped their price target on Knight-Swift Transportation from $54.00 to $45.00 and set a “positive” rating on the stock in a research note on Thursday, April 24th. Evercore ISI dropped their price target on Knight-Swift Transportation from $49.00 to $44.00 and set an “in-line” rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company dropped their price target on Knight-Swift Transportation from $55.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Finally, Citigroup upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $53.00 to $48.00 in a research note on Tuesday, April 8th. Seven investment 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.60.

Insiders Place Their Bets

In other news, Director Douglas L. Col purchased 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $226,850. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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.