Caisse DE Depot ET Placement DU Quebec Sells 226,656 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Caisse DE Depot ET Placement DU Quebec trimmed its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 16.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,186,213 shares of the transportation company's stock after selling 226,656 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.73% of Knight-Swift Transportation worth $62,917,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KNX. Parkside Financial Bank & Trust grew its holdings in Knight-Swift Transportation by 88.7% during the 4th 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 in the last quarter. UMB Bank n.a. boosted its holdings in shares of 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 purchasing an additional 370 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 valued at $67,000 after buying an additional 213 shares during the period. GAMMA Investing LLC raised its holdings in shares of Knight-Swift Transportation by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock valued at $71,000 after purchasing an additional 208 shares in the last quarter. Finally, Arcadia Investment Management Corp MI boosted its position in Knight-Swift Transportation by 167.2% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock valued at $71,000 after acquiring an additional 836 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on KNX. Susquehanna dropped their price target 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. TD Securities reduced their target price on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Citigroup raised Knight-Swift Transportation from a "neutral" rating to a "buy" rating and decreased their price target for the company from $53.00 to $48.00 in a research note on Tuesday, April 8th. Finally, StockNews.com upgraded Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $50.60.

Knight-Swift Transportation Stock Down 0.5 %

NYSE KNX traded down $0.21 on Monday, reaching $41.24. The stock had a trading volume of 2,439,130 shares, compared to its average volume of 2,294,757. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 56.49 and a beta of 1.16. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The business has a 50 day moving average price of $43.17 and a 200 day moving average price of $50.90.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the business posted $0.12 earnings per share. The firm's revenue was up 1.3% compared to the same quarter last year. On average, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm 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 $0.18 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a yield of 1.75%. Knight-Swift Transportation's payout ratio is currently 76.60%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $226,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

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.