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

Johnson Financial Group Inc. lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 69.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,015 shares of the transportation company’s stock after selling 2,326 shares during the quarter. Johnson Financial Group Inc.’s holdings in Knight-Swift Transportation were worth $58,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Boothbay Fund Management LLC lifted its position in Knight-Swift Transportation by 101.6% in the fourth quarter. Boothbay Fund Management LLC now owns 147,005 shares of the transportation company’s stock valued at $7,797,000 after buying an additional 74,088 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Knight-Swift Transportation in the fourth quarter valued at about $7,825,000. Voya Investment Management LLC lifted its position in Knight-Swift Transportation by 0.9% in the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company’s stock valued at $1,090,000 after buying an additional 192 shares during the last quarter. Cartenna Capital LP lifted its position in Knight-Swift Transportation by 96.8% in the fourth quarter. Cartenna Capital LP now owns 787,071 shares of the transportation company’s stock valued at $41,746,000 after buying an additional 387,071 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its position in Knight-Swift Transportation by 111.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 143,496 shares of the transportation company’s stock valued at $7,611,000 after buying an additional 75,741 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on KNX. Susquehanna decreased their target price on shares of Knight-Swift Transportation from $54.00 to $45.00 and set a “positive” rating on the stock in a research report on Thursday, April 24th. TD Cowen cut their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. UBS Group cut their price target on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on shares of 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, Benchmark reiterated a “buy” rating and set a $63.00 price target on shares of Knight-Swift Transportation in a research note on Monday, April 14th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.60.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Director Douglas L. Col acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $226,850. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.

Knight-Swift Transportation Stock Down 0.2 %

KNX stock opened at $38.83 on Tuesday. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 53.19 and a beta of 1.16. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The company’s 50 day moving average price is $44.12 and its 200 day moving average price is $51.24.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. On average, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a $0.18 dividend. This is a positive change 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 of this dividend was Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio is currently 76.60%.

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.