Tredje AP fonden Sells 13,092 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Tredje AP fonden decreased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,093 shares of the transportation company's stock after selling 13,092 shares during the period. Tredje AP fonden's holdings in Knight-Swift Transportation were worth $694,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in KNX. Assetmark Inc. raised its stake in Knight-Swift Transportation by 12.3% during the 3rd quarter. Assetmark Inc. now owns 15,724 shares of the transportation company's stock valued at $848,000 after acquiring an additional 1,718 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Knight-Swift Transportation by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock worth $62,000 after purchasing an additional 292 shares during the period. GSA Capital Partners LLP acquired a new stake in Knight-Swift Transportation in the third quarter worth about $378,000. Sumitomo Mitsui Trust Group Inc. grew its position in Knight-Swift Transportation by 2.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,622 shares of the transportation company's stock valued at $16,920,000 after buying an additional 8,283 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Knight-Swift Transportation by 0.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 74,134 shares of the transportation company's stock valued at $4,000,000 after buying an additional 609 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

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Insider Activity at Knight-Swift Transportation

In other news, Director Douglas L. Col purchased 5,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $45.37 per share, with a total value of $226,850.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Raymond James increased their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a "strong-buy" rating in a report on Thursday, January 23rd. TD Cowen boosted their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Bank of America upped their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, January 16th. The Goldman Sachs Group boosted their price target 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. Finally, Susquehanna upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "positive" rating and raised their price objective for the company from $48.00 to $67.00 in a research report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $59.41.

Knight-Swift Transportation Stock Down 2.6 %

NYSE KNX traded down $1.19 during trading on Wednesday, reaching $45.19. 4,415,807 shares of the company's stock were exchanged, compared to its average volume of 2,126,424. 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 $44.95 and a fifty-two week high of $61.51. The company's fifty day simple moving average is $52.82 and its 200-day simple moving average is $53.54. The firm has a market capitalization of $7.32 billion, a PE ratio of 61.90 and a beta of 0.97.

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

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.59%. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 98.63%.

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.