Harvey Investment Co. LLC Has $16.44 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Harvey Investment Co. LLC lessened its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 309,967 shares of the transportation company's stock after selling 10,720 shares during the period. Knight-Swift Transportation comprises 1.9% of Harvey Investment Co. LLC's portfolio, making the stock its 21st biggest holding. Harvey Investment Co. LLC owned approximately 0.19% of Knight-Swift Transportation worth $16,441,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $1,796,000. Tectonic Advisors LLC increased its stake in Knight-Swift Transportation by 2.6% in the fourth quarter. Tectonic Advisors LLC now owns 62,312 shares of the transportation company's stock valued at $3,305,000 after acquiring an additional 1,551 shares during the period. Retirement Systems of Alabama raised its position in Knight-Swift Transportation by 1.9% in the fourth quarter. Retirement Systems of Alabama now owns 386,424 shares of the transportation company's stock worth $20,496,000 after purchasing an additional 7,173 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in Knight-Swift Transportation by 20.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,191 shares of the transportation company's stock worth $434,000 after purchasing an additional 1,365 shares during the period. Finally, Custom Index Systems LLC boosted its holdings in Knight-Swift Transportation by 8.7% during the fourth quarter. Custom Index Systems LLC now owns 10,531 shares of the transportation company's stock valued at $559,000 after purchasing an additional 839 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Trading Down 0.6 %

Shares of NYSE KNX traded down $0.31 during midday trading on Tuesday, hitting $54.36. The stock had a trading volume of 1,603,213 shares, compared to its average volume of 2,189,533. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $61.51. The firm has a market cap of $8.80 billion, a P/E ratio of 74.45 and a beta of 0.99. The company's 50-day simple moving average is $55.04 and its 200 day simple moving average is $54.00.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced 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%. Research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Wall Street Analyst Weigh In

KNX has been the subject of a number of recent research reports. Susquehanna raised Knight-Swift Transportation from a "neutral" rating to a "positive" rating and increased their target price for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Raymond James lifted their price objective on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a "strong-buy" rating in a report on Thursday, January 23rd. Evercore ISI boosted their target price on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, TD Cowen boosted 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 report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and an average price target of $59.38.

Insider Activity at Knight-Swift Transportation

In related news, Director Ploeg David Vander sold 500 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction 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 disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

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.