UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 55,230 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 981,560 shares of the transportation company's stock after selling 55,230 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.61% of Knight-Swift Transportation worth $52,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its position in shares of Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after buying an additional 322 shares during the period. UMB Bank n.a. boosted its position 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 worth $43,000 after buying an additional 370 shares during the period. Arcadia Investment Management Corp MI boosted its position in shares of Knight-Swift Transportation by 167.2% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after buying an additional 836 shares during the period. Blue Trust Inc. raised its holdings in shares of Knight-Swift Transportation by 58.5% during the fourth quarter. Blue Trust Inc. now owns 1,669 shares of the transportation company's stock worth $90,000 after acquiring an additional 616 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Knight-Swift Transportation by 41.6% in the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KNX. TD Securities lowered their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. TD Cowen reduced their target price on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Bank of America raised their price target on Knight-Swift Transportation from $43.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company increased their target price on Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Citigroup lifted their price target on Knight-Swift Transportation from $48.00 to $53.00 and gave the company a "buy" rating in a report on Friday. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $51.33.

Knight-Swift Transportation Trading Up 0.6%

Shares of KNX stock traded up $0.27 during trading hours on Friday, reaching $44.48. The company had a trading volume of 851,339 shares, compared to its average volume of 2,326,726. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year 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. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 60.89 and a beta of 1.18. The company has a 50 day moving average of $41.95 and a 200 day moving average of $49.60.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Knight-Swift Transportation's revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS. On average, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current 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 given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 76.60%.

Insider Activity

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.00% of the company's stock.

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.