Heartland Advisors Inc. Sells 52,387 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Heartland Advisors Inc. trimmed its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 347,686 shares of the transportation company's stock after selling 52,387 shares during the period. Knight-Swift Transportation comprises 1.0% of Heartland Advisors Inc.'s holdings, making the stock its 24th largest position. Heartland Advisors Inc. owned approximately 0.21% of Knight-Swift Transportation worth $18,441,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Parkside Financial Bank & Trust boosted its stake in shares of Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after acquiring an additional 322 shares during the period. UMB Bank n.a. raised its holdings in Knight-Swift Transportation by 84.3% in the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock valued at $43,000 after acquiring an additional 370 shares during the period. Quarry LP lifted its position in Knight-Swift Transportation by 71.1% during the third quarter. Quarry LP now owns 1,201 shares of the transportation company's stock worth $65,000 after acquiring an additional 499 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock worth $67,000 after acquiring an additional 213 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Knight-Swift Transportation by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock valued at $71,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Remove Ads

Analyst Ratings Changes

KNX has been the topic of a number of research reports. StockNews.com raised Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Susquehanna dropped their price objective on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a "positive" rating for the company in a research note on Wednesday, March 26th. The Goldman Sachs Group increased their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Bank of America cut Knight-Swift Transportation from a "buy" rating to a "neutral" rating and cut their price target for the company from $66.00 to $46.00 in a research note on Tuesday. Finally, Citigroup upgraded Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 price objective on the stock in a research note on Monday, March 10th. 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 stock. According to MarketBeat, Knight-Swift Transportation currently has a consensus rating of "Moderate Buy" and an average price target of $57.59.

Knight-Swift Transportation Trading Up 0.1 %

KNX stock traded up $0.04 during trading on Tuesday, hitting $43.53. The company had a trading volume of 840,387 shares, compared to its average volume of 2,206,886. The stock has a market cap of $7.05 billion, a PE ratio of 59.67 and a beta of 0.97. The business has a 50-day moving average of $50.99 and a 200-day moving average of $53.10. 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 one year low of $42.31 and a one 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%. Research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were paid a $0.18 dividend. 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. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. Knight-Swift Transportation's dividend payout ratio is 98.63%.

Insider Activity

In other news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average price 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 in the company, valued at approximately $226,850. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company's stock.

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.