Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,149 shares of the transportation company's stock after selling 8,221 shares during the quarter. Corebridge Financial Inc. owned about 0.11% of Knight-Swift Transportation worth $9,714,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in Knight-Swift Transportation by 88.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after buying an additional 322 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Knight-Swift Transportation by 84.3% in the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock worth $43,000 after acquiring an additional 370 shares during the last quarter. Quarry LP grew its holdings in Knight-Swift Transportation by 71.1% in the third quarter. Quarry LP now owns 1,201 shares of the transportation company's stock valued at $65,000 after purchasing an additional 499 shares during the period. MassMutual Private Wealth & Trust FSB increased 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 worth $67,000 after purchasing an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Knight-Swift Transportation by 18.5% during 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 during the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

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Knight-Swift Transportation Stock Down 0.1 %

KNX stock traded down $0.03 during midday trading on Monday, hitting $43.52. 2,507,378 shares of the company's stock were exchanged, compared to its average volume of 2,211,993. The firm has a 50 day moving average price of $50.99 and a 200-day moving average price of $53.10. Knight-Swift Transportation Holdings Inc. has a 12-month low of $42.47 and a 12-month high of $61.51. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 59.62 and a beta of 0.97. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, 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 declared 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. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 98.63%.

Insider Buying and Selling

In other news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $226,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

KNX has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday. Raymond James upped their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Bank of America lifted their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Susquehanna reduced their price target on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a "positive" rating on the stock in a research report on Wednesday, March 26th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.59.

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.