BNP Paribas Financial Markets Cuts Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

BNP Paribas Financial Markets lessened its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 52.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,235 shares of the transportation company's stock after selling 68,559 shares during the period. BNP Paribas Financial Markets' holdings in Knight-Swift Transportation were worth $3,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stanley Laman Group Ltd. acquired a new stake in shares of Knight-Swift Transportation during the 4th quarter worth $3,021,000. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $62,340,000 after buying an additional 28,387 shares during the period. New England Research & Management Inc. raised its position in shares of Knight-Swift Transportation by 199.2% in 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 buying an additional 19,725 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Knight-Swift Transportation during the 4th quarter worth approximately $749,000. Finally, Blair William & Co. IL increased its stake in Knight-Swift Transportation by 40.0% in the fourth quarter. Blair William & Co. IL now owns 5,433 shares of the transportation company's stock valued at $288,000 after acquiring an additional 1,551 shares during the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now owns 5,000 shares of the company's stock, valued at $226,850. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company's stock.

Knight-Swift Transportation Trading Down 2.0%

Shares of NYSE:KNX traded down $0.89 during trading on Wednesday, reaching $44.37. The stock had a trading volume of 193,950 shares, compared to its average volume of 2,323,774. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51. 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 firm's fifty day moving average is $42.24 and its 200 day moving average is $50.19. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 60.86 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share 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 period last year, the company posted $0.12 EPS. The business's quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio is presently 76.60%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KNX. Barclays reduced their price objective on Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on shares of Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. StockNews.com raised shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Evercore ISI cut their price objective on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Finally, Stifel Nicolaus lowered their target price on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $50.73.

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.