Geode Capital Management LLC Sells 9,932 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Geode Capital Management LLC decreased its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,730,941 shares of the transportation company's stock after selling 9,932 shares during the quarter. Geode Capital Management LLC owned 1.69% of Knight-Swift Transportation worth $144,585,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Knight-Swift Transportation by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock valued at $67,000 after acquiring an additional 213 shares in the last quarter. Signaturefd LLC boosted its holdings in Knight-Swift Transportation by 8.5% during the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company's stock worth $147,000 after acquiring an additional 218 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Knight-Swift Transportation by 4.6% in the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company's stock worth $280,000 after acquiring an additional 228 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Knight-Swift Transportation by 4.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company's stock valued at $281,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KNX. Susquehanna cut their price target on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. Barclays reduced their target price on Knight-Swift Transportation from $68.00 to $62.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Bank of America lowered Knight-Swift Transportation from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $66.00 to $46.00 in a report on Tuesday, April 1st. The Goldman Sachs Group reduced their price objective on Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, TD Cowen lifted their target price 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. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and an average price target of $55.94.

Knight-Swift Transportation Stock Performance

Shares of KNX stock traded down $0.75 during trading on Friday, reaching $39.84. 4,224,230 shares of the company's stock traded hands, compared to its average volume of 2,304,892. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The company has a market capitalization of $6.45 billion, a P/E ratio of 54.57 and a beta of 1.16. 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 firm's 50-day moving average is $47.45 and its 200 day moving average is $52.20.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were given a dividend of $0.18 per share. The ex-dividend date was Friday, March 7th. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.81%. Knight-Swift Transportation's dividend payout ratio is currently 98.63%.

Insider Transactions at Knight-Swift Transportation

In other news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $226,850. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.00% of the company's stock.

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.