Amundi Sells 146,855 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Amundi lessened its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 38.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 235,880 shares of the transportation company's stock after selling 146,855 shares during the quarter. Amundi owned 0.15% of Knight-Swift Transportation worth $12,697,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Knight-Swift Transportation by 57.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 81,799 shares of the transportation company's stock valued at $4,339,000 after buying an additional 29,824 shares during the period. Aviance Capital Partners LLC boosted its holdings in Knight-Swift Transportation by 3.6% during the fourth quarter. Aviance Capital Partners LLC now owns 104,340 shares of the transportation company's stock worth $5,534,000 after purchasing an additional 3,600 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in Knight-Swift Transportation by 9.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 20,189 shares of the transportation company's stock worth $1,071,000 after purchasing an additional 1,721 shares during the last quarter. Lisanti Capital Growth LLC boosted its holdings in Knight-Swift Transportation by 81.9% during the fourth quarter. Lisanti Capital Growth LLC now owns 77,945 shares of the transportation company's stock worth $4,134,000 after purchasing an additional 35,100 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Knight-Swift Transportation during the fourth quarter worth $15,111,000. Institutional investors and hedge funds own 88.77% of the company's stock.

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Insider Activity

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $226,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.

Knight-Swift Transportation Trading Down 1.4 %

Knight-Swift Transportation stock traded down $0.66 during mid-day trading on Tuesday, hitting $46.36. 2,233,389 shares of the stock were exchanged, compared to its average volume of 2,119,638. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 12 month low of $44.95 and a 12 month high of $61.51. The firm's fifty day simple moving average is $52.97 and its two-hundred day simple moving average is $53.58. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 63.50 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released 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 net margin of 1.59% and a return on equity of 2.43%. Analysts forecast 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 will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.55%. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's payout ratio is currently 98.63%.

Analysts Set New Price Targets

Several research analysts recently commented on KNX shares. Citigroup upgraded shares of Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 target price for the company in a report on Monday, March 10th. Benchmark started coverage on shares of Knight-Swift Transportation in a report on Tuesday, March 4th. They set a "buy" rating and a $63.00 target price for the company. Raymond James upped their price target on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Susquehanna raised shares of Knight-Swift Transportation from a "neutral" rating to a "positive" rating and upped their price target for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. Finally, Bank of America upped their price target on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.41.

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.