Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 146,811 shares of the transportation company's stock after selling 9,070 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Knight-Swift Transportation worth $7,784,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KNX. Stifel Financial Corp grew its position in Knight-Swift Transportation by 4.9% in the third quarter. Stifel Financial Corp now owns 30,408 shares of the transportation company's stock worth $1,641,000 after acquiring an additional 1,407 shares during the period. Jane Street Group LLC boosted its stake in Knight-Swift Transportation by 30.9% during the third quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company's stock worth $3,771,000 after buying an additional 16,500 shares during the period. XTX Topco Ltd acquired a new stake in shares of Knight-Swift Transportation during the third quarter valued at about $428,000. MML Investors Services LLC raised 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 valued at $280,000 after acquiring an additional 228 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Knight-Swift Transportation in the 3rd quarter valued at approximately $424,000. Institutional investors and hedge funds own 88.77% of the company's stock.

Insider Buying and Selling at Knight-Swift Transportation

In related 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 purchased at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the completion of 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX traded up $1.21 during mid-day trading on Thursday, hitting $39.37. 2,472,985 shares of the company were exchanged, compared to its average volume of 2,314,829. 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 firm has a market cap of $6.38 billion, a price-to-earnings ratio of 53.93 and a beta of 1.16. The stock has a 50 day simple moving average of $46.50 and a 200-day simple moving average of $51.91. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51.

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

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were given a $0.18 dividend. This is a boost 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 yield of 1.83%. Knight-Swift Transportation's dividend payout ratio is presently 98.63%.

Analyst Ratings Changes

KNX has been the topic of several research analyst reports. Benchmark reiterated a "buy" rating and issued a $63.00 price objective on shares of Knight-Swift Transportation in a report on Monday. The Goldman Sachs Group dropped their price objective on shares of Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Citigroup raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and decreased their price target for the company from $53.00 to $48.00 in a research report on Tuesday, April 8th. Stifel Nicolaus reduced their price objective on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a research note on Monday. Finally, Bank of America downgraded Knight-Swift Transportation from a "buy" rating to a "neutral" rating and cut their price target for the stock from $66.00 to $46.00 in a report on Tuesday, April 1st. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

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.