Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group lowered its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,493 shares of the transportation company’s stock after selling 266 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Knight-Swift Transportation were worth $86,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Knight-Swift Transportation by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 14,964,291 shares of the transportation company’s stock worth $750,459,000 after buying an additional 54,133 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Knight-Swift Transportation by 15.2% in the 3rd quarter. Wellington Management Group LLP now owns 13,578,508 shares of the transportation company’s stock worth $680,962,000 after acquiring an additional 1,794,133 shares during the last quarter. State Street Corp grew its holdings in shares of Knight-Swift Transportation by 2.7% in the 1st quarter. State Street Corp now owns 6,314,648 shares of the transportation company’s stock worth $318,637,000 after acquiring an additional 166,644 shares during the last quarter. Morgan Stanley boosted its position in shares of Knight-Swift Transportation by 8.4% in the fourth quarter. Morgan Stanley now owns 5,015,443 shares of the transportation company’s stock worth $262,859,000 after buying an additional 387,501 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Knight-Swift Transportation by 5.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,060,156 shares of the transportation company’s stock worth $176,418,000 after buying an additional 167,691 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Insider Transactions at Knight-Swift Transportation

In other news, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total value of $112,480.00. Following the transaction, the chief accounting officer now directly owns 5,118 shares of the company’s stock, valued at approximately $287,836.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by company insiders.

Knight-Swift Transportation Stock Down 1.3 %

Shares of KNX opened at $47.88 on Friday. The company has a market capitalization of $7.73 billion, a P/E ratio of 36.00, a PEG ratio of 1.40 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. Knight-Swift Transportation Holdings Inc. has a one year low of $45.73 and a one year high of $60.99. The business’s 50 day simple moving average is $54.83 and its 200-day simple moving average is $54.19.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 24th. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.38). The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. As a group, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.3 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were issued a $0.16 dividend. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation’s payout ratio is presently 48.12%.

Analyst Ratings Changes

KNX has been the subject of a number of research reports. Loop Capital cut Knight-Swift Transportation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $63.00 to $53.00 in a research report on Thursday. Susquehanna cut their target price on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Barclays dropped their price objective on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus lowered their price target on Knight-Swift Transportation from $60.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.77.

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.