Aristotle Capital Boston LLC Lowers Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Aristotle Capital Boston LLC lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,875 shares of the transportation company's stock after selling 8,110 shares during the quarter. Aristotle Capital Boston LLC owned about 0.06% of Knight-Swift Transportation worth $5,297,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Stanley Laman Group Ltd. acquired a new position in Knight-Swift Transportation during the 4th quarter valued at about $3,021,000. Charles Schwab Investment Management Inc. lifted its stake in Knight-Swift Transportation by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock worth $62,340,000 after acquiring an additional 28,387 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Knight-Swift Transportation by 21.5% during the third quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock worth $35,242,000 after purchasing an additional 115,447 shares during the period. New England Research & Management Inc. grew its holdings in shares of Knight-Swift Transportation by 199.2% during the 4th quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company's stock valued at $1,571,000 after acquiring an additional 19,725 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Knight-Swift Transportation in the 4th quarter worth about $749,000. Hedge funds and other institutional investors own 88.77% of the company's stock.

Insider Transactions at Knight-Swift Transportation

In other news, Director Douglas L. Col purchased 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $226,850. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

KNX has been the topic of a number of recent analyst reports. Susquehanna dropped their price objective on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. UBS Group decreased their price objective on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Benchmark reissued a "buy" rating and set a $63.00 price target on shares of Knight-Swift Transportation in a research note on Monday, April 14th. Finally, StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and an average target price of $50.60.

Knight-Swift Transportation Trading Up 3.1 %

KNX traded up $1.26 during trading on Wednesday, hitting $41.62. 3,391,390 shares of the stock traded hands, compared to its average volume of 2,301,305. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The firm has a market capitalization of $6.74 billion, a P/E ratio of 57.01 and a beta of 1.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The firm has a 50-day moving average of $42.83 and a 200 day moving average of $50.75.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the company earned $0.12 EPS. The business's revenue was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.

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.