Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lowered its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 81.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,705 shares of the transportation company's stock after selling 11,925 shares during the period. Lazard Asset Management LLC's holdings in Knight-Swift Transportation were worth $143,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KNX. Interval Partners LP raised its stake in shares of Knight-Swift Transportation by 320.7% in the 4th quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock valued at $93,076,000 after acquiring an additional 1,337,727 shares during the period. Norges Bank purchased a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $65,839,000. Junto Capital Management LP purchased a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $34,355,000. Ceredex Value Advisors LLC raised its stake in shares of Knight-Swift Transportation by 59.5% in the 4th quarter. Ceredex Value Advisors LLC now owns 1,435,562 shares of the transportation company's stock valued at $76,142,000 after acquiring an additional 535,518 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Knight-Swift Transportation by 36.8% in the 4th quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company's stock valued at $100,004,000 after acquiring an additional 507,370 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.

Insiders Place Their Bets

In related news, Director Douglas L. Col purchased 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the transaction, the director now owns 5,000 shares of the company's stock, valued at $226,850. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KNX. Barclays lowered their price target on shares of Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Citigroup raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $53.00 to $48.00 in a report on Tuesday, April 8th. Stifel Nicolaus decreased their price objective on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a report on Monday, April 14th. Raymond James decreased their price objective on shares of Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating for the company in a report on Friday, April 11th. Finally, Evercore ISI decreased their price objective 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. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and an average price target of $51.00.

Knight-Swift Transportation Stock Performance

NYSE:KNX traded up $0.29 during mid-day trading on Thursday, hitting $44.07. The stock had a trading volume of 563,390 shares, compared to its average volume of 2,919,542. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 60.36 and a beta of 1.18. The company has a 50 day simple moving average of $41.97 and a 200-day simple moving average of $49.70. 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 current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

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

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.63%. Knight-Swift Transportation's dividend payout ratio (DPR) is 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.