Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 72.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 19,139 shares of the transportation company's stock after selling 49,885 shares during the period. DekaBank Deutsche Girozentrale's holdings in Knight-Swift Transportation were worth $1,110,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KNX. Raymond James & Associates boosted its stake in shares of Knight-Swift Transportation by 22.1% in the first quarter. Raymond James & Associates now owns 76,395 shares of the transportation company's stock worth $3,855,000 after acquiring an additional 13,808 shares during the period. US Bancorp DE boosted its stake in shares of Knight-Swift Transportation by 57.6% in the first quarter. US Bancorp DE now owns 14,450 shares of the transportation company's stock worth $729,000 after acquiring an additional 5,283 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Knight-Swift Transportation by 23.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,997 shares of the transportation company's stock worth $706,000 after acquiring an additional 2,677 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Knight-Swift Transportation by 3.8% in the first quarter. Great West Life Assurance Co. Can now owns 211,351 shares of the transportation company's stock worth $11,126,000 after buying an additional 7,824 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Knight-Swift Transportation by 6.7% in the first quarter. Sei Investments Co. now owns 141,380 shares of the transportation company's stock worth $7,135,000 after buying an additional 8,923 shares in the last quarter. Institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Trading Down 0.5 %

NYSE:KNX traded down $0.25 during midday trading on Monday, hitting $50.75. The stock had a trading volume of 1,091,884 shares, compared to its average volume of 1,941,628. Knight-Swift Transportation Holdings Inc. has a one year low of $45.73 and a one year high of $60.99. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 1.44 and a beta of 0.99. The stock has a 50-day moving average of $55.66 and a 200 day moving average of $54.26. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.38). Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.92 billion. As a group, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.35 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.64 annualized dividend and a yield of 1.26%. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.14. Knight-Swift Transportation's dividend payout ratio is 48.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KNX. Barclays decreased their price objective on Knight-Swift Transportation from $65.00 to $62.00 and set an "overweight" rating on the stock in a research report on Monday, April 1st. JPMorgan Chase & Co. decreased their price objective on Knight-Swift Transportation from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 9th. Susquehanna decreased their price objective on Knight-Swift Transportation from $62.00 to $59.00 and set a "neutral" rating on the stock in a research report on Monday, March 25th. Finally, Stifel Nicolaus upped their price objective on Knight-Swift Transportation from $54.00 to $64.00 and gave the company a "buy" rating in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $62.75.

Insider Buying and Selling

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 sale, the chief accounting officer now owns 5,118 shares of the company's stock, valued at approximately $287,836.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.

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.