Occudo Quantitative Strategies LP Sells 14,212 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Occudo Quantitative Strategies LP lowered its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 77.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,091 shares of the transportation company's stock after selling 14,212 shares during the period. Occudo Quantitative Strategies LP's holdings in Knight-Swift Transportation were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Voya Investment Management LLC increased its holdings in shares of Knight-Swift Transportation by 0.9% in the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock valued at $1,090,000 after purchasing an additional 192 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Knight-Swift Transportation by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock valued at $67,000 after purchasing an additional 213 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Knight-Swift Transportation by 3.3% in the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock valued at $355,000 after purchasing an additional 216 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Knight-Swift Transportation by 8.5% in the fourth quarter. Signaturefd LLC now owns 2,769 shares of the transportation company's stock valued at $147,000 after purchasing an additional 218 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Knight-Swift Transportation by 6.1% during the 4th quarter. Bessemer Group Inc. now owns 3,882 shares of the transportation company's stock worth $206,000 after acquiring an additional 222 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on KNX. UBS Group lowered their target price on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their target price on shares of Knight-Swift Transportation from $55.00 to $46.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. TD Securities lowered their target price 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 stock a "neutral" rating in a report on Friday, May 16th. Finally, Wall Street Zen raised shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Seven research 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $50.73.

Knight-Swift Transportation Stock Down 1.4%

KNX traded down $0.63 during trading on Friday, hitting $42.86. The company had a trading volume of 1,324,134 shares, compared to its average volume of 2,328,291. The company has a market capitalization of $6.95 billion, a PE ratio of 58.72 and a beta of 1.18. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The firm's 50-day moving average price is $42.04 and its 200 day moving average price is $50.01.

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. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 EPS. As a group, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

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 $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation's payout ratio is presently 76.60%.

Insider Buying and Selling

In related news, Director Douglas L. Col bought 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 purchase, the director now owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.00% of the company's stock.

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.