Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC trimmed its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,584,296 shares of the transportation company's stock after selling 238,346 shares during the quarter. Knight-Swift Transportation accounts for approximately 1.6% of Ceredex Value Advisors LLC's investment portfolio, making the stock its 15th biggest holding. Ceredex Value Advisors LLC owned 0.98% of Knight-Swift Transportation worth $91,335,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. DecisionPoint Financial LLC purchased a new stake in Knight-Swift Transportation in the second quarter valued at $36,000. Massmutual Trust Co. FSB ADV raised its position in shares of Knight-Swift Transportation by 136.5% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company's stock worth $38,000 after acquiring an additional 385 shares during the period. Blue Trust Inc. raised its position in shares of Knight-Swift Transportation by 80.3% in the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company's stock worth $42,000 after acquiring an additional 326 shares during the period. FinTrust Capital Advisors LLC acquired a new position in shares of Knight-Swift Transportation in the third quarter worth about $42,000. Finally, Brown Brothers Harriman & Co. raised its position in shares of Knight-Swift Transportation by 543.2% in the first quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company's stock worth $47,000 after acquiring an additional 793 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

KNX stock traded down $0.18 during mid-day trading on Friday, reaching $53.17. The company's stock had a trading volume of 1,222,916 shares, compared to its average volume of 1,818,837. The stock has a market cap of $8.59 billion, a PE ratio of 39.98, a P/E/G ratio of 1.44 and a beta of 0.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.73 and a fifty-two week high of $60.99. The company's 50 day moving average is $56.24 and its two-hundred day moving average is $54.20.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.38). The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. Equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.47 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a $0.16 dividend. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a yield of 1.20%. Knight-Swift Transportation's dividend payout ratio is presently 48.12%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KNX shares. Barclays decreased their price objective on shares of Knight-Swift Transportation from $65.00 to $62.00 and set an "overweight" rating for the company in a research report on Monday, April 1st. Susquehanna reduced their price target on shares of Knight-Swift Transportation from $62.00 to $59.00 and set a "neutral" rating for the company in a research report on Monday, March 25th. Finally, Stifel Nicolaus upped their price target on shares of Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and a consensus target price of $62.50.

Insider Activity

In other news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the completion of the sale, the chief accounting officer now owns 5,118 shares of the company's stock, valued at approximately $287,836.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.10% of the company's stock.

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.