Guggenheim Capital LLC Has $250,000 Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Guggenheim Capital LLC lessened its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 98.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,721 shares of the transportation company's stock after selling 238,184 shares during the period. Guggenheim Capital LLC's holdings in Knight-Swift Transportation were worth $250,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KNX. Franklin Resources Inc. acquired a new position in Knight-Swift Transportation during the 3rd quarter worth about $70,185,000. American Trust acquired a new position in Knight-Swift Transportation during the 3rd quarter worth about $204,000. Principal Financial Group Inc. lifted its position in Knight-Swift Transportation by 21.5% during the 3rd quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock worth $35,242,000 after buying an additional 115,447 shares in the last quarter. GAMMA Investing LLC lifted its position in Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after buying an additional 208 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in Knight-Swift Transportation during the 4th quarter worth about $221,000. Institutional investors and hedge funds own 88.77% of the company's stock.

Insider Buying and Selling

In related news, Director Douglas L. Col bought 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, with a total value of $226,850.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.00% of the company's stock.

Knight-Swift Transportation Price Performance

Shares of KNX stock opened at $38.83 on Tuesday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 53.19 and a beta of 1.16. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average of $44.12 and a 200-day moving average of $51.24.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 EPS. On average, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were paid a $0.18 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.85%. Knight-Swift Transportation's dividend payout ratio is presently 76.60%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KNX. Citigroup upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $53.00 to $48.00 in a research report on Tuesday, April 8th. Stifel Nicolaus lowered their price target on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company cut their price objective on shares of Knight-Swift Transportation from $55.00 to $46.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. StockNews.com raised shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, UBS Group dropped their target price on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and an average price target of $50.60.

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.

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