DnB Asset Management AS Has $1.72 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

DnB Asset Management AS lowered its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 68.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,480 shares of the transportation company's stock after selling 70,468 shares during the quarter. DnB Asset Management AS's holdings in Knight-Swift Transportation were worth $1,723,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KNX. Victory Capital Management Inc. grew its stake in Knight-Swift Transportation by 6.8% during the fourth quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company's stock worth $423,265,000 after buying an additional 506,491 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Knight-Swift Transportation by 3.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company's stock worth $221,541,000 after acquiring an additional 125,827 shares during the last quarter. Geode Capital Management LLC grew its position in Knight-Swift Transportation by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company's stock worth $147,529,000 after acquiring an additional 46,436 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Knight-Swift Transportation during the 3rd quarter valued at $70,185,000. Finally, Norges Bank acquired a new position in Knight-Swift Transportation in the fourth quarter worth $65,839,000. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Trading Down 1.4 %

Shares of Knight-Swift Transportation stock traded down $0.56 during trading on Friday, hitting $39.01. 4,842,310 shares of the company were exchanged, compared to its average volume of 2,249,146. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The firm has a market capitalization of $6.32 billion, a P/E ratio of 53.44 and a beta of 1.16. The firm's fifty day moving average price is $49.84 and its 200 day moving average price is $52.79. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year 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 (EPS) for the quarter, beating 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%. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 98.63%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the stock in a transaction on Thursday, March 13th. The stock was bought at an average cost 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 of the company's stock, valued at $226,850. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on KNX. The Goldman Sachs Group lifted 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. Bank of America downgraded shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $66.00 to $46.00 in a research note on Tuesday, April 1st. TD Cowen increased their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Citigroup upgraded shares of Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 price objective for the company in a research report on Monday, March 10th. Finally, Raymond James increased their price objective on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $57.24.

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.