Peregrine Capital Management LLC Sells 26,788 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Peregrine Capital Management LLC reduced its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 14.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,523 shares of the transportation company's stock after selling 26,788 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.10% of Knight-Swift Transportation worth $9,024,000 at the end of the most recent reporting period.

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

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock traded down $2.13 during mid-day trading on Wednesday, hitting $51.52. 2,254,157 shares of the company's stock traded hands, compared to its average volume of 1,972,649. The firm has a 50 day simple moving average of $55.95 and a two-hundred day simple moving average of $54.22. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.73 and a fifty-two week high of $60.99. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 38.74, a P/E/G ratio of 1.49 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.38). The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. On average, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.38 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were given a dividend of $0.16 per share. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.64 annualized dividend and a yield of 1.24%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 48.12%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at approximately $287,836.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KNX shares. Susquehanna cut their price objective on Knight-Swift Transportation from $62.00 to $59.00 and set a "neutral" rating for the company in a report on Monday, March 25th. Stifel Nicolaus increased their price objective on Knight-Swift Transportation from $54.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. cut their price objective on Knight-Swift Transportation from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Barclays cut their price objective on Knight-Swift Transportation from $65.00 to $62.00 and set an "overweight" rating for the company in a report on Monday, April 1st. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.75.

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.