Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lessened its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 32.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,909 shares of the transportation company's stock after selling 16,491 shares during the period. Two Sigma Investments LP's holdings in Knight-Swift Transportation were worth $1,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Tidal Investments LLC acquired a new stake in Knight-Swift Transportation in the 4th quarter valued at about $534,000. Toronto Dominion Bank raised its holdings in Knight-Swift Transportation by 3.7% in the 4th quarter. Toronto Dominion Bank now owns 21,143 shares of the transportation company's stock valued at $1,121,000 after acquiring an additional 759 shares during the last quarter. Seven Six Capital Management LLC acquired a new stake in Knight-Swift Transportation in the 4th quarter valued at about $4,105,000. Siemens Fonds Invest GmbH acquired a new stake in Knight-Swift Transportation in the 4th quarter valued at about $497,000. Finally, Silvercrest Asset Management Group LLC raised its holdings in Knight-Swift Transportation by 6.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 7,371 shares of the transportation company's stock valued at $391,000 after acquiring an additional 459 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Insider Activity at Knight-Swift Transportation

In related news, Director Douglas L. Col purchased 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $226,850. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KNX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Benchmark restated a "buy" rating and set a $63.00 price target on shares of Knight-Swift Transportation in a report on Monday, April 14th. TD Securities cut their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Bank of America lifted their target price on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Evercore ISI dropped their target price on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $52.67.

Knight-Swift Transportation Stock Down 0.2%

Shares of Knight-Swift Transportation stock traded down $0.11 during trading on Wednesday, hitting $44.67. 1,736,371 shares of the stock were exchanged, compared to its average volume of 2,332,790. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 61.19 and a beta of 1.18. The firm's 50-day moving average price is $41.94 and its 200 day moving average price is $49.30. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. As a group, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently declared 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. 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 1.61%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.

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.