Federated Hermes Inc. Has $23.14 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Federated Hermes Inc. decreased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 436,253 shares of the transportation company's stock after selling 7,558 shares during the period. Federated Hermes Inc. owned 0.27% of Knight-Swift Transportation worth $23,139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stanley Laman Group Ltd. bought a new position in Knight-Swift Transportation in the fourth quarter valued at approximately $3,021,000. Jane Street Group LLC grew its stake in shares of Knight-Swift Transportation by 30.9% in the third quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company's stock valued at $3,771,000 after buying an additional 16,500 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Knight-Swift Transportation by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock worth $62,340,000 after buying an additional 28,387 shares during the last quarter. Principal Financial Group Inc. raised its position in Knight-Swift Transportation by 21.5% during the third quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock worth $35,242,000 after acquiring an additional 115,447 shares in the last quarter. Finally, New England Research & Management Inc. lifted its stake in Knight-Swift Transportation by 199.2% in 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. Institutional investors and hedge funds own 88.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Bank of America cut shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and dropped their target price for the company from $66.00 to $46.00 in a report on Tuesday, April 1st. TD Cowen boosted their target price on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. StockNews.com upgraded Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, Citigroup upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $53.00 to $48.00 in a research note on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $56.00.

Insider Activity

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $226,850. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by insiders.

Knight-Swift Transportation Price Performance

NYSE KNX traded up $0.73 during trading on Monday, hitting $40.61. 236,739 shares of the company's stock were exchanged, compared to its average volume of 2,300,293. The company has a market cap of $6.58 billion, a PE ratio of 55.63 and a beta of 1.16. 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 Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The stock's 50 day moving average price is $47.45 and its two-hundred day moving average price is $52.19.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS 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%. Research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were issued a dividend of $0.18 per share. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Friday, March 7th. Knight-Swift Transportation's payout ratio is 98.63%.

Knight-Swift Transportation Company 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.