Country Trust Bank Has $31.42 Million Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Country Trust Bank decreased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 592,393 shares of the transportation company's stock after selling 7,456 shares during the period. Country Trust Bank owned 0.37% of Knight-Swift Transportation worth $31,421,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in KNX. New England Research & Management Inc. grew its position in Knight-Swift Transportation by 199.2% during the fourth quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company's stock valued at $1,571,000 after acquiring an additional 19,725 shares during the last quarter. Swedbank AB raised its position in Knight-Swift Transportation by 2.2% during the 4th quarter. Swedbank AB now owns 58,730 shares of the transportation company's stock valued at $3,115,000 after purchasing an additional 1,266 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Knight-Swift Transportation by 42.5% in the fourth quarter. Hantz Financial Services Inc. now owns 30,162 shares of the transportation company's stock worth $1,600,000 after acquiring an additional 8,995 shares during the period. Pacer Advisors Inc. raised its holdings in Knight-Swift Transportation by 1.9% in the 4th quarter. Pacer Advisors Inc. now owns 24,248 shares of the transportation company's stock worth $1,286,000 after purchasing an additional 445 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Knight-Swift Transportation by 58.5% in the fourth quarter. Blue Trust Inc. now owns 1,669 shares of the transportation company's stock worth $90,000 after buying an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Up 1.2 %

Shares of KNX stock traded up $0.70 during trading hours on Tuesday, reaching $56.43. The company had a trading volume of 1,433,038 shares, compared to its average volume of 2,226,630. The stock's fifty day simple moving average is $55.42 and its 200 day simple moving average is $53.82. The company has a market capitalization of $9.13 billion, a P/E ratio of 77.30 and a beta of 0.99. 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 twelve month low of $45.55 and a twelve month high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 6th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, December 6th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 87.67%.

Insider Buying and Selling

In related news, Chairman Kevin P. Knight sold 29,779 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total transaction of $1,703,061.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ploeg David Vander sold 500 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the sale, the director now directly owns 30,729 shares in the company, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

KNX has been the topic of several research reports. Evercore ISI boosted their price objective on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an "in-line" rating in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Barclays lifted their price target on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Stifel Nicolaus lifted their target price on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Finally, Bank of America raised their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $59.38.

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.