Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 457,196 shares of the transportation company's stock after selling 22,500 shares during the quarter. Swiss National Bank owned 0.28% of Knight-Swift Transportation worth $24,250,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Knight-Swift Transportation in the 3rd quarter worth about $3,729,000. Charles Schwab Investment Management Inc. increased its holdings in Knight-Swift Transportation by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company's stock worth $61,878,000 after acquiring an additional 26,346 shares in the last quarter. Stanley Laman Group Ltd. acquired a new position in Knight-Swift Transportation during the fourth quarter worth $3,021,000. Jane Street Group LLC lifted its holdings 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 valued at $3,771,000 after purchasing an additional 16,500 shares in the last quarter. Finally, Paloma Partners Management Co grew its position in shares of Knight-Swift Transportation by 681.6% in the third quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company's stock valued at $3,237,000 after purchasing an additional 52,323 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Susquehanna raised Knight-Swift Transportation from a "neutral" rating to a "positive" rating and increased their target price for the company from $48.00 to $67.00 in a report on Friday, January 3rd. Raymond James lifted their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Citigroup raised Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 price objective for the company in a research note on Monday, March 10th. Finally, Bank of America lifted their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.41.

Knight-Swift Transportation Trading Down 0.3 %

Shares of KNX stock traded down $0.14 during trading hours on Friday, hitting $44.39. The company had a trading volume of 6,247,434 shares, compared to its average volume of 2,147,512. 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 stock has a market capitalization of $7.19 billion, a PE ratio of 60.81 and a beta of 0.97. The company's fifty day moving average is $52.46 and its 200 day moving average is $53.42. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $42.84 and a fifty-two week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly 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%. Research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be given a $0.18 dividend. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation's payout ratio is currently 98.63%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of the business's 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 purchase, the director now directly owns 5,000 shares in the company, valued at approximately $226,850. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.