Versor Investments LP Sells 8,200 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Versor Investments LP lowered its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 43.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,700 shares of the transportation company's stock after selling 8,200 shares during the quarter. Versor Investments LP's holdings in Knight-Swift Transportation were worth $568,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in shares of Knight-Swift Transportation by 11.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,704 shares of the transportation company's stock valued at $308,000 after acquiring an additional 597 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Knight-Swift Transportation by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 18,783 shares of the transportation company's stock valued at $1,013,000 after buying an additional 1,275 shares during the last quarter. Stephens Inc. AR grew its stake in Knight-Swift Transportation by 2.4% in the third quarter. Stephens Inc. AR now owns 233,287 shares of the transportation company's stock valued at $12,586,000 after purchasing an additional 5,373 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Knight-Swift Transportation by 18.5% in the third quarter. QRG Capital Management Inc. now owns 7,981 shares of the transportation company's stock valued at $431,000 after buying an additional 1,248 shares in the last quarter. Finally, Cornerstone Capital Inc. increased its stake in shares of Knight-Swift Transportation by 18.0% during the 3rd quarter. Cornerstone Capital Inc. now owns 20,170 shares of the transportation company's stock worth $1,088,000 after purchasing an additional 3,080 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

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Knight-Swift Transportation Stock Up 1.7 %

Shares of KNX traded up $0.82 during midday trading on Wednesday, hitting $48.70. 2,763,376 shares of the company's stock traded hands, compared to its average volume of 2,605,904. The firm's fifty day moving average is $54.01 and its 200-day moving average is $53.92. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $61.51. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 66.72 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 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%. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be paid a $0.18 dividend. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.48%. Knight-Swift Transportation's dividend payout ratio is presently 98.63%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KNX. Benchmark started coverage on Knight-Swift Transportation in a research report on Tuesday. They issued a "buy" rating and a $63.00 target price on the stock. Citigroup lowered shares of Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 price target on the stock. in a research report on Tuesday, November 12th. TD Cowen lifted their target price on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. StockNews.com raised Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Barclays increased their price objective on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $59.59.

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.