Wellington Management Group LLP Sells 4,620,667 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Wellington Management Group LLP decreased its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 23.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,936,311 shares of the transportation company's stock after selling 4,620,667 shares during the period. Wellington Management Group LLP owned approximately 9.22% of Knight-Swift Transportation worth $792,222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KNX. Parkside Financial Bank & Trust boosted its position in Knight-Swift Transportation by 88.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock valued at $36,000 after buying an additional 322 shares during the period. UMB Bank n.a. lifted its stake in shares of Knight-Swift Transportation by 84.3% in the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock valued at $43,000 after acquiring an additional 370 shares during the last quarter. Quarry LP boosted its holdings in Knight-Swift Transportation by 71.1% during the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company's stock valued at $65,000 after acquiring an additional 499 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Knight-Swift Transportation by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock worth $67,000 after acquiring an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Knight-Swift Transportation by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after purchasing an additional 208 shares during the period. Institutional investors own 88.77% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KNX. Citigroup upgraded shares of Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 target price on the stock in a report on Monday, March 10th. Wells Fargo & Company cut their price target on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. StockNews.com raised shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Finally, Bank of America downgraded Knight-Swift Transportation from a "buy" rating to a "neutral" rating and reduced their price target for the company from $66.00 to $46.00 in a report on Tuesday. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $57.24.

Insider Transactions at Knight-Swift Transportation

In other news, Director Douglas L. Col bought 5,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were 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 owns 5,000 shares in the company, valued at approximately $226,850. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Stock Down 1.4 %

Shares of KNX stock traded down $0.56 during mid-day trading on Friday, reaching $39.01. 4,842,310 shares of the company's stock traded hands, compared to its average volume of 2,249,146. 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 company's 50-day moving average price is $49.84 and its 200-day moving average price is $52.79. The company has a market cap of $6.32 billion, a P/E ratio of 53.44 and a beta of 0.97. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping 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%. On average, equities 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a dividend of $0.18 per share. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.85%. Knight-Swift Transportation's payout ratio is presently 98.63%.

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.