Legal & General Group Plc Has $24.94 Million Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Legal & General Group Plc trimmed its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 470,215 shares of the transportation company's stock after selling 225,007 shares during the period. Legal & General Group Plc owned about 0.29% of Knight-Swift Transportation worth $24,940,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Parkside Financial Bank & Trust raised its holdings in Knight-Swift Transportation by 88.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after purchasing an additional 322 shares during the last quarter. UMB Bank n.a. raised its stake 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 purchasing an additional 370 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 worth $67,000 after purchasing an additional 213 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after buying an additional 208 shares in the last quarter. Finally, Arcadia Investment Management Corp MI lifted its stake in shares of 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 valued at $71,000 after buying an additional 836 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on KNX. Barclays dropped their target price on Knight-Swift Transportation from $68.00 to $62.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Stifel Nicolaus cut their price objective on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a report on Monday. TD Cowen increased their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, Citigroup raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $53.00 to $48.00 in a research report on Tuesday, April 8th. 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's stock. According to data from MarketBeat, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX traded up $1.21 during mid-day trading on Thursday, reaching $39.37. The company had a trading volume of 1,961,899 shares, compared to its average volume of 2,942,937. 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 $6.38 billion, a PE ratio of 53.93 and a beta of 1.16. 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 50-day moving average price of $46.50 and a two-hundred day moving average price of $51.91.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. On average, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.83%. The ex-dividend date was Friday, March 7th. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's dividend payout ratio (DPR) is 98.63%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company 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.