Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lessened its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 36.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,082 shares of the transportation company’s stock after selling 1,211 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Knight-Swift Transportation were worth $120,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Knight-Swift Transportation by 136.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock worth $38,000 after purchasing an additional 385 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new position in shares of Knight-Swift Transportation during the 3rd quarter valued at $42,000. Blue Trust Inc. grew its holdings in shares of Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock worth $42,000 after acquiring an additional 326 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Knight-Swift Transportation by 543.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company’s stock worth $47,000 after acquiring an additional 793 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Knight-Swift Transportation by 25.0% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock worth $50,000 after buying an additional 200 shares during the period. Institutional investors own 88.77% of the company’s stock.

Insider Activity at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, February 29th. The shares were 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 $287,836.32. The sale was disclosed in a legal 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 0.5 %

Shares of KNX opened at $50.75 on Tuesday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.73 and a 12 month high of $60.99. The firm’s 50 day moving average is $55.49 and its 200-day moving average is $54.27. The stock has a market capitalization of $8.20 billion, a PE ratio of 38.16, a P/E/G ratio of 1.44 and a beta of 0.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

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). Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. Equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.35 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.26%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 48.12%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays reduced their price objective on Knight-Swift Transportation from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, April 1st. Susquehanna reduced their price objective on Knight-Swift Transportation from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. JPMorgan Chase & Co. lowered their target price on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Finally, Stifel Nicolaus increased their price objective on shares of Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.75.

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.