Swiss National Bank Lowers Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Swiss National Bank cut its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 504,396 shares of the transportation company’s stock after selling 13,600 shares during the period. Swiss National Bank owned approximately 0.31% of Knight-Swift Transportation worth $29,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arkadios Wealth Advisors grew its position in Knight-Swift Transportation by 2.9% during the 4th quarter. Arkadios Wealth Advisors now owns 7,215 shares of the transportation company’s stock worth $416,000 after acquiring an additional 205 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Knight-Swift Transportation by 2.8% in the third quarter. Private Advisor Group LLC now owns 7,542 shares of the transportation company’s stock worth $378,000 after purchasing an additional 207 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of Knight-Swift Transportation by 0.3% in the fourth quarter. Yousif Capital Management LLC now owns 77,858 shares of the transportation company’s stock worth $4,489,000 after buying an additional 212 shares during the period. Fiera Capital Corp raised its holdings in Knight-Swift Transportation by 2.6% during the 3rd quarter. Fiera Capital Corp now owns 8,725 shares of the transportation company’s stock valued at $438,000 after buying an additional 225 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in Knight-Swift Transportation by 4.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,242 shares of the transportation company’s stock valued at $313,000 after buying an additional 272 shares during the period. 88.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. TD Cowen cut their target price on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Stephens reduced their price target on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Robert W. Baird decreased their price target on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Evercore ISI cut their price objective on Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating on the stock in a research report on Thursday, April 25th. Finally, Bank of America reduced their price target on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation has an average rating of “Hold” and an average price target of $57.71.

Knight-Swift Transportation Trading Up 0.6 %

NYSE:KNX opened at $48.33 on Thursday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week high of $60.99. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 72.13, a PEG ratio of 2.44 and a beta of 1.03. The company’s 50 day moving average price is $51.91 and its 200-day moving average price is $54.11. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business posted $0.73 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.29 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Friday, June 7th. Knight-Swift Transportation’s payout ratio is presently 95.52%.

Insider Transactions at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s 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 sale, the chief accounting officer now owns 5,118 shares in the company, valued at $287,836.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

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.