Russell Investments Group Ltd. Has $7.78 Million Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Russell Investments Group Ltd. lessened its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 146,811 shares of the transportation company’s stock after selling 9,070 shares during the quarter. Russell Investments Group Ltd.’s holdings in Knight-Swift Transportation were worth $7,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNX. Parkside Financial Bank & Trust raised its holdings in shares of Knight-Swift Transportation by 88.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after buying an additional 322 shares in the last quarter. UMB Bank n.a. grew its position in Knight-Swift Transportation by 84.3% in the fourth 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 period. MassMutual Private Wealth & Trust FSB raised its stake in Knight-Swift Transportation by 20.5% during the fourth 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 in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 208 shares during the period. Finally, Arcadia Investment Management Corp MI boosted its stake in shares of Knight-Swift Transportation by 167.2% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 836 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on KNX. Wells Fargo & Company dropped their target price on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Benchmark assumed coverage on shares of Knight-Swift Transportation in a report on Tuesday, March 4th. They set a “buy” rating and a $63.00 price objective for the company. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. TD Cowen raised their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Bank of America lowered Knight-Swift Transportation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $66.00 to $46.00 in a research note on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.94.

Insider Activity at Knight-Swift Transportation

In other news, Director Douglas L. Col purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $226,850. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $39.84 on Friday. The firm has a fifty day moving average of $47.45 and a two-hundred day moving average of $52.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 54.57 and a beta of 1.16. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data 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%. As a group, equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were paid a dividend of $0.18 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.81%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 98.63%.

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.