Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama raised its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,424 shares of the transportation company's stock after purchasing an additional 7,173 shares during the period. Retirement Systems of Alabama owned about 0.24% of Knight-Swift Transportation worth $20,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Knight-Swift Transportation by 13.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company's stock worth $219,870,000 after acquiring an additional 467,647 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Knight-Swift Transportation by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company's stock worth $147,529,000 after acquiring an additional 46,436 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Knight-Swift Transportation by 34.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company's stock worth $76,224,000 after buying an additional 359,566 shares during the period. Franklin Resources Inc. acquired a new position in Knight-Swift Transportation during the third quarter worth approximately $70,185,000. Finally, Thrivent Financial for Lutherans increased its position in Knight-Swift Transportation by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 1,337,737 shares of the transportation company's stock worth $72,171,000 after buying an additional 6,803 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Insider Activity at Knight-Swift Transportation

In other news, Director Ploeg David Vander sold 500 shares of the company's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares of the company's stock, valued at $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the company's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Price Performance

KNX traded up $0.29 during trading on Monday, reaching $54.48. 515,720 shares of the stock were exchanged, compared to its average volume of 2,151,730. The business's 50 day moving average price is $55.12 and its two-hundred day moving average price is $53.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 74.62 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its 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%. As a group, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were paid a $0.16 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.64 annualized dividend and a yield of 1.17%. Knight-Swift Transportation's payout ratio is currently 87.67%.

Analyst Upgrades and Downgrades

Several research firms have commented on KNX. The Goldman Sachs Group lifted their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Bank of America lifted their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Morgan Stanley cut their price target on Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, October 24th. Susquehanna raised Knight-Swift Transportation from a "neutral" rating to a "positive" rating and lifted their price target for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. Finally, Citigroup downgraded Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 target price on the stock. in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $59.38.

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.