Kerrisdale Advisers LLC Sells 9,550 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Kerrisdale Advisers LLC lowered its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 19.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 39,522 shares of the transportation company's stock after selling 9,550 shares during the period. Kerrisdale Advisers LLC's holdings in Knight-Swift Transportation were worth $2,096,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its holdings in Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock valued at $36,000 after buying an additional 322 shares during the period. UMB Bank n.a. raised its position in shares of Knight-Swift Transportation by 84.3% in the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock worth $43,000 after acquiring an additional 370 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock valued at $67,000 after purchasing an additional 213 shares during the period. GAMMA Investing LLC boosted its position in shares of Knight-Swift Transportation by 18.5% during the 4th 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 in the last quarter. Finally, Arcadia Investment Management Corp MI grew its stake in Knight-Swift Transportation by 167.2% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after purchasing an additional 836 shares during the period. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Stock Down 3.5 %

Shares of NYSE:KNX traded down $1.43 during mid-day trading on Friday, hitting $38.93. 2,863,297 shares of the company traded hands, compared to its average volume of 2,275,929. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock has a market cap of $6.31 billion, a P/E ratio of 53.33 and a beta of 1.16. The stock has a 50-day moving average price of $44.40 and a two-hundred day moving average price of $51.31.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were given a $0.18 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.85%. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's payout ratio is currently 76.60%.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Director Douglas L. Col acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired 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 owns 5,000 shares of the company's stock, valued at approximately $226,850. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays dropped their price target on Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday. TD Securities cut their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday. Bank of America downgraded shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and decreased their price target for the company from $66.00 to $46.00 in a research note on Tuesday, April 1st. UBS Group cut their price objective on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, StockNews.com raised Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.