Allspring Global Investments Holdings LLC Buys 125,827 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Allspring Global Investments Holdings LLC boosted its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,201,276 shares of the transportation company’s stock after buying an additional 125,827 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Knight-Swift Transportation were worth $221,541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Stephens Inc. AR grew its position in Knight-Swift Transportation by 1.2% in the fourth quarter. Stephens Inc. AR now owns 236,184 shares of the transportation company’s stock valued at $12,527,000 after acquiring an additional 2,897 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of Knight-Swift Transportation during the fourth quarter worth $16,256,000. Strategic Financial Concepts LLC acquired a new position in shares of Knight-Swift Transportation during the fourth quarter worth $1,796,000. Tectonic Advisors LLC lifted its stake in shares of Knight-Swift Transportation by 2.6% in the 4th quarter. Tectonic Advisors LLC now owns 62,312 shares of the transportation company’s stock valued at $3,305,000 after acquiring an additional 1,551 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Knight-Swift Transportation by 1.9% during the 4th quarter. Retirement Systems of Alabama now owns 386,424 shares of the transportation company’s stock valued at $20,496,000 after acquiring an additional 7,173 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Stock Down 0.4 %

Knight-Swift Transportation stock opened at $54.45 on Wednesday. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 74.58 and a beta of 0.99. The firm has a 50 day simple moving average of $55.04 and a 200 day simple moving average of $54.00. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $61.51. 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 (NYSE:KNX) last posted its earnings results 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 return on equity of 2.43% and a net margin of 1.59%. On average, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KNX shares. Raymond James raised their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price target 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. Barclays lifted their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Morgan Stanley cut their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Finally, TD Cowen raised their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.38.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Ploeg David Vander sold 500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the sale, the director now owns 30,729 shares of the company’s stock, valued at $1,754,625.90. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Company 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.