California State Teachers Retirement System Sells 8,947 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

California State Teachers Retirement System cut its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 192,239 shares of the transportation company's stock after selling 8,947 shares during the period. California State Teachers Retirement System owned 0.12% of Knight-Swift Transportation worth $10,196,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in KNX. Blue Trust Inc. increased its stake in shares of Knight-Swift Transportation by 58.5% in the fourth quarter. Blue Trust Inc. now owns 1,669 shares of the transportation company's stock worth $90,000 after purchasing an additional 616 shares during the period. Pacer Advisors Inc. increased its stake in shares of Knight-Swift Transportation by 1.9% in the fourth quarter. Pacer Advisors Inc. now owns 24,248 shares of the transportation company's stock worth $1,286,000 after purchasing an additional 445 shares during the period. Hantz Financial Services Inc. grew its position in Knight-Swift Transportation by 42.5% during the fourth quarter. Hantz Financial Services Inc. now owns 30,162 shares of the transportation company's stock worth $1,600,000 after buying an additional 8,995 shares in the last quarter. Swedbank AB grew its position in Knight-Swift Transportation by 2.2% during the fourth quarter. Swedbank AB now owns 58,730 shares of the transportation company's stock worth $3,115,000 after buying an additional 1,266 shares in the last quarter. Finally, Custom Index Systems LLC grew its position in Knight-Swift Transportation by 8.7% during the fourth quarter. Custom Index Systems LLC now owns 10,531 shares of the transportation company's stock worth $559,000 after buying an additional 839 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Price Performance

NYSE KNX traded down $0.10 on Wednesday, hitting $44.68. 562,207 shares of the company were exchanged, compared to its average volume of 2,328,256. 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 cap of $7.24 billion, a P/E ratio of 61.21 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The firm has a 50 day moving average of $41.94 and a two-hundred day moving average of $49.30.

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 for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. The company's revenue was up 1.3% on a year-over-year basis. On average, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business 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 $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.

Insider Buying and Selling

In related news, Director Douglas L. Col acquired 5,000 shares of the company's stock in a transaction that occurred 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 directly owns 5,000 shares of the company's stock, valued at approximately $226,850. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on KNX. Susquehanna decreased their target price on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating on the stock in a research report on Thursday, April 24th. Bank of America lifted their target price on Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Stifel Nicolaus cut their price target on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a research note on Monday, April 14th. UBS Group decreased their price objective on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company lifted their price objective on Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and an average price target of $52.67.

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.