SG Americas Securities LLC Cuts Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

SG Americas Securities LLC lowered its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 83.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,024 shares of the transportation company's stock after selling 10,219 shares during the period. SG Americas Securities LLC's holdings in Knight-Swift Transportation were worth $107,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KNX. GAMMA Investing LLC boosted its stake in Knight-Swift Transportation by 36.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company's stock valued at $61,000 after purchasing an additional 302 shares during the last quarter. Inspire Investing LLC boosted its stake in Knight-Swift Transportation by 8.1% during the 3rd quarter. Inspire Investing LLC now owns 7,597 shares of the transportation company's stock valued at $410,000 after purchasing an additional 572 shares during the last quarter. Creative Planning boosted its stake in Knight-Swift Transportation by 4.7% during the 3rd quarter. Creative Planning now owns 21,133 shares of the transportation company's stock valued at $1,140,000 after purchasing an additional 945 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $361,000. Finally, Allspring Global Investments Holdings LLC lifted 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 buying an additional 467,647 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on KNX shares. Evercore ISI lifted their target price on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an "in-line" rating in a research report on Thursday, October 24th. Citigroup cut shares of Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 target price on the stock. in a research report on Tuesday, November 12th. StockNews.com raised shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. TD Cowen lifted 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. Finally, The Goldman Sachs Group lifted their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.38.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock traded down $0.26 during mid-day trading on Friday, reaching $54.20. The company's stock had a trading volume of 2,401,463 shares, compared to its average volume of 2,235,910. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $61.51. The company has a market capitalization of $8.77 billion, a P/E ratio of 74.24 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The firm's fifty day moving average price is $54.88 and its two-hundred day moving average price is $54.04.

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

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be given a dividend of $0.18 per share. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, March 7th. Knight-Swift Transportation's payout ratio is 87.67%.

About Knight-Swift Transportation

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.