Mariner LLC Sells 7,203 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Mariner LLC decreased its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 10.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 62,332 shares of the transportation company's stock after selling 7,203 shares during the period. Mariner LLC's holdings in Knight-Swift Transportation were worth $3,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. purchased a new position in Knight-Swift Transportation during the 3rd quarter worth approximately $70,185,000. Norges Bank acquired a new position in Knight-Swift Transportation during the fourth quarter worth $65,839,000. Victory Capital Management Inc. grew its position in shares of Knight-Swift Transportation by 6.8% in the fourth quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company's stock valued at $423,265,000 after purchasing an additional 506,491 shares during the period. WCM Investment Management LLC purchased a new stake in shares of Knight-Swift Transportation during the fourth quarter worth approximately $16,256,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Knight-Swift Transportation in the fourth quarter worth about $15,111,000. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Performance

NYSE:KNX traded down $1.44 during trading hours on Friday, reaching $38.93. 2,031,369 shares of the stock were exchanged, compared to its average volume of 2,290,502. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $6.30 billion, a P/E ratio of 53.28 and a beta of 1.16. The firm has a 50 day simple moving average of $44.71 and a 200-day simple moving average of $51.40.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. As a group, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were issued a dividend of $0.18 per share. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. Knight-Swift Transportation's payout ratio is 98.63%.

Insider Transactions at Knight-Swift Transportation

In related news, Director Douglas L. Col acquired 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

KNX has been the topic of several analyst reports. TD Securities reduced their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday. Citigroup upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $53.00 to $48.00 in a report on Tuesday, April 8th. Evercore ISI decreased their target price on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating for the company in a report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Susquehanna dropped their price objective on shares of Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating on the stock in a research report on Thursday. Seven research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.19.

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.