Allspring Global Investments Holdings LLC Has $221.54 Million Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Allspring Global Investments Holdings LLC increased its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,201,276 shares of the transportation company’s stock after purchasing an additional 125,827 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.60% of Knight-Swift Transportation worth $221,541,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Knight-Swift Transportation during the 3rd quarter worth $3,729,000. Charles Schwab Investment Management Inc. increased its position in shares of Knight-Swift Transportation by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock worth $61,878,000 after acquiring an additional 26,346 shares in the last quarter. Jane Street Group LLC lifted its position in Knight-Swift Transportation by 30.9% in the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock valued at $3,771,000 after acquiring an additional 16,500 shares in the last quarter. Paloma Partners Management Co boosted its stake in Knight-Swift Transportation by 681.6% in the 3rd quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock worth $3,237,000 after purchasing an additional 52,323 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Knight-Swift Transportation by 116.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company’s stock worth $7,056,000 after purchasing an additional 70,276 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Insider Transactions at Knight-Swift Transportation

In related news, Director Ploeg David Vander sold 500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the transaction, the director now directly owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

KNX has been the subject of a number of research reports. TD Cowen increased their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley decreased their target price on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Bank of America increased their price objective on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Evercore ISI lifted their target price on Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Finally, Raymond James raised their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average target price of $59.38.

Knight-Swift Transportation Trading Down 0.4 %

KNX stock opened at $54.45 on Wednesday. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 74.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $61.51. The company has a fifty day moving average price of $55.04 and a two-hundred day moving average price of $54.00.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

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.