Allspring Global Investments Holdings LLC Increases Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Allspring Global Investments Holdings LLC grew its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 5.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,060,156 shares of the transportation company's stock after buying an additional 167,691 shares during the period. Allspring Global Investments Holdings LLC owned 1.90% of Knight-Swift Transportation worth $176,418,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. DecisionPoint Financial LLC acquired a new position in Knight-Swift Transportation in the 2nd quarter worth $36,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Knight-Swift Transportation by 136.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company's stock valued at $38,000 after purchasing an additional 385 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at about $42,000. Blue Trust Inc. raised its stake in shares of Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company's stock valued at $42,000 after purchasing an additional 326 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Knight-Swift Transportation by 543.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company's stock valued at $47,000 after purchasing an additional 793 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the transaction, the chief accounting officer now directly owns 5,118 shares in the company, valued at $287,836.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.20% of the stock is owned by company insiders.

Knight-Swift Transportation Stock Down 0.1 %

Shares of Knight-Swift Transportation stock traded down $0.03 during midday trading on Monday, reaching $53.14. 1,015,153 shares of the company's stock traded hands, compared to its average volume of 1,977,549. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 1.44 and a beta of 0.99. The company's 50 day simple moving average is $56.24 and its 200 day simple moving average is $54.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.73 and a 52 week high of $60.99.

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

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were given a dividend of $0.16 per share. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, March 7th. Knight-Swift Transportation's payout ratio is 48.12%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KNX shares. Susquehanna dropped their price objective on shares of Knight-Swift Transportation from $62.00 to $59.00 and set a "neutral" rating on the stock in a research note on Monday, March 25th. Barclays lowered their price objective on shares of Knight-Swift Transportation from $65.00 to $62.00 and set an "overweight" rating on the stock in a research note on Monday, April 1st. Finally, Stifel Nicolaus raised their price objective on shares of Knight-Swift Transportation from $54.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $62.50.

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.

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