Boston Partners Cuts Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Boston Partners reduced its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,697 shares of the transportation company's stock after selling 6,683 shares during the period. Boston Partners' holdings in Knight-Swift Transportation were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quest Partners LLC bought a new stake in shares of Knight-Swift Transportation during the third quarter worth $88,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Knight-Swift Transportation by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company's stock valued at $61,878,000 after acquiring an additional 26,346 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Knight-Swift Transportation by 9.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,197 shares of the transportation company's stock worth $658,000 after acquiring an additional 1,100 shares during the last quarter. Bank of Montreal Can grew its position in Knight-Swift Transportation by 180.6% during the 3rd quarter. Bank of Montreal Can now owns 81,266 shares of the transportation company's stock worth $4,392,000 after acquiring an additional 52,309 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Knight-Swift Transportation by 116.1% in 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.

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Insider Transactions at Knight-Swift Transportation

In other news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.00% of the company's stock.

Knight-Swift Transportation Stock Down 1.4 %

Shares of NYSE KNX traded down $0.62 during trading on Tuesday, hitting $44.36. 3,192,133 shares of the company traded hands, compared to its average volume of 2,156,228. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 60.77 and a beta of 0.97. The business's fifty day moving average is $51.90 and its 200 day moving average is $53.29. 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 fifty-two week low of $42.72 and a fifty-two week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates 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 research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. Knight-Swift Transportation's payout ratio is presently 98.63%.

Wall Street Analysts Forecast Growth

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

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.