Russell Investments Group Ltd. Has $7.78 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Russell Investments Group Ltd. trimmed its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,811 shares of the transportation company’s stock after selling 9,070 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Knight-Swift Transportation worth $7,784,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust grew 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 worth $36,000 after purchasing an additional 322 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after buying an additional 370 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in 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 lifted its position in shares of Knight-Swift Transportation by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after purchasing an additional 208 shares in the last quarter. Finally, Arcadia Investment Management Corp MI boosted its holdings in shares of Knight-Swift Transportation by 167.2% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock worth $71,000 after purchasing an additional 836 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $39.84 on Friday. The stock has a market capitalization of $6.45 billion, a PE ratio of 54.57 and a beta of 1.16. The stock has a 50-day simple moving average of $47.45 and a 200 day simple moving average of $52.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share 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%. Research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were given a dividend of $0.18 per share. The ex-dividend date was Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.81%. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s dividend payout ratio is currently 98.63%.

Analysts Set New Price Targets

A number of research firms have issued reports on KNX. TD Cowen increased their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Barclays reduced their price objective on Knight-Swift Transportation from $68.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. The Goldman Sachs Group dropped their target price on Knight-Swift Transportation from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday. Susquehanna reduced their price target on Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating for the company in a report on Wednesday, March 26th. Finally, StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.94.

Insider Activity at Knight-Swift Transportation

In other news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the transaction, 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is owned by corporate insiders.

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.