Deprince Race & Zollo Inc. Decreases Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Deprince Race & Zollo Inc. lowered its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 499,292 shares of the transportation company’s stock after selling 30,995 shares during the period. Deprince Race & Zollo Inc. owned about 0.31% of Knight-Swift Transportation worth $26,482,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its stake in shares of Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after purchasing an additional 322 shares during the last quarter. UMB Bank n.a. grew its position in shares of 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 last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after buying an additional 213 shares during the period. GAMMA Investing LLC raised its holdings 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 acquiring an additional 208 shares in the last quarter. Finally, Arcadia Investment Management Corp MI lifted its stake in Knight-Swift Transportation by 167.2% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock worth $71,000 after acquiring an additional 836 shares during the period. Institutional investors own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

KNX has been the subject of several research analyst reports. Susquehanna dropped their target price on shares of Knight-Swift Transportation from $54.00 to $45.00 and set a “positive” rating for the company in a research report on Thursday, April 24th. Barclays reduced their target price on Knight-Swift Transportation from $62.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. UBS Group lowered their target price on Knight-Swift Transportation from $63.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price target on Knight-Swift Transportation from $49.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, Citigroup raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $53.00 to $48.00 in a research report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average target price of $50.60.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Director Douglas L. Col bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $226,850. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $41.62 on Thursday. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $61.51. The company has a market cap of $6.74 billion, a PE ratio of 57.01 and a beta of 1.18. The firm’s 50-day moving average price is $42.65 and its 200-day moving average price is $50.69.

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

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.73%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation’s payout ratio is currently 76.60%.

Knight-Swift Transportation 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.