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

Vanguard Group Inc. cut its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,420,633 shares of the transportation company's stock after selling 556,912 shares during the period. Vanguard Group Inc. owned about 8.91% of Knight-Swift Transportation worth $764,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 valued at $61,878,000 after buying an additional 26,346 shares during the period. Stanley Laman Group Ltd. acquired a new position in Knight-Swift Transportation in the fourth quarter valued at approximately $3,021,000. Jane Street Group LLC grew its stake in shares of Knight-Swift Transportation by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company's stock worth $3,771,000 after purchasing an additional 16,500 shares during the period. Paloma Partners Management Co lifted its stake in shares of Knight-Swift Transportation by 681.6% in the 3rd 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. Finally, BNP Paribas Financial Markets boosted its holdings in Knight-Swift Transportation by 116.1% during the third quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company's stock worth $7,056,000 after buying an additional 70,276 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, Director Douglas L. Col purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost 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 legal filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation Trading Down 12.2 %

Shares of Knight-Swift Transportation stock traded down $5.49 during mid-day trading on Thursday, hitting $39.52. The stock had a trading volume of 3,830,835 shares, compared to its average volume of 2,230,403. The firm has a market cap of $6.40 billion, a P/E ratio of 54.13 and a beta of 0.97. 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 50-day moving average of $50.20 and a two-hundred day moving average of $52.88. Knight-Swift Transportation Holdings Inc. has a 12-month low of $39.30 and a 12-month 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, beating 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%. Sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.82%. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 7th. Knight-Swift Transportation's payout ratio is 98.63%.

Wall Street Analysts Forecast Growth

KNX has been the subject of a number of analyst reports. StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group increased 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. Benchmark initiated coverage on Knight-Swift Transportation in a research note on Tuesday, March 4th. They set a "buy" rating and a $63.00 target price for the company. Citigroup raised shares of Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 price target on the stock in a research note on Monday, March 10th. Finally, Raymond James upped their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and an average price target of $57.24.

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.