First Trust Advisors LP Lowers Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

First Trust Advisors LP lessened its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 20.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,910 shares of the transportation company's stock after selling 88,431 shares during the period. First Trust Advisors LP owned 0.21% of Knight-Swift Transportation worth $18,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in shares of Knight-Swift Transportation by 88.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock valued at $36,000 after purchasing an additional 322 shares during the period. UMB Bank n.a. grew its position in shares of Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock worth $43,000 after acquiring an additional 370 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock valued at $67,000 after acquiring an additional 213 shares during the period. GAMMA Investing LLC raised its position in Knight-Swift Transportation by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock valued at $71,000 after purchasing an additional 208 shares during the last quarter. Finally, Arcadia Investment Management Corp MI boosted its stake in Knight-Swift Transportation by 167.2% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after purchasing an additional 836 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.

Insiders Place Their Bets

In other news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the purchase, the director now owns 5,000 shares of the company's stock, valued at approximately $226,850. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KNX has been the topic of a number of research reports. Evercore ISI lowered their price target on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Benchmark reiterated a "buy" rating and set a $63.00 price target on shares of Knight-Swift Transportation in a research note on Monday, April 14th. 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 report on Monday, April 14th. Finally, Bank of America lowered Knight-Swift Transportation from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $66.00 to $46.00 in a report on Tuesday, April 1st. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $50.60.

Knight-Swift Transportation Price Performance

KNX traded up $1.77 during midday trading on Friday, reaching $40.75. 475,296 shares of the company's stock were exchanged, compared to its average volume of 2,972,001. The business's 50-day moving average price is $43.35 and its 200 day moving average price is $50.99. The stock has a market capitalization of $6.60 billion, a PE ratio of 55.84 and a beta of 1.16. 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.

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

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.77%. 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.