Strs Ohio Sells 61,184 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Strs Ohio trimmed its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 482,011 shares of the transportation company's stock after selling 61,184 shares during the period. Strs Ohio owned about 0.30% of Knight-Swift Transportation worth $27,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of KNX. Vanguard Group Inc. raised its position in shares of Knight-Swift Transportation by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 14,964,291 shares of the transportation company's stock worth $750,459,000 after purchasing an additional 54,133 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Knight-Swift Transportation by 4.5% during the 3rd quarter. Nordea Investment Management AB now owns 1,251,000 shares of the transportation company's stock worth $62,950,000 after purchasing an additional 54,076 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Knight-Swift Transportation by 22.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 205,951 shares of the transportation company's stock worth $10,328,000 after purchasing an additional 37,934 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Knight-Swift Transportation by 3,637.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 185,626 shares of the transportation company's stock worth $10,701,000 after purchasing an additional 180,659 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $4,674,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Up 0.0 %

Knight-Swift Transportation stock traded up $0.02 during trading on Tuesday, reaching $50.77. 2,085,635 shares of the company's stock were exchanged, compared to its average volume of 1,943,600. The company's 50-day moving average is $55.30 and its two-hundred day moving average is $54.27. 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. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 38.17, a PEG ratio of 1.44 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced 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). Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.92 billion. On average, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.35 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.26%. 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. Knight-Swift Transportation's dividend payout ratio is 48.12%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, April 9th. Barclays cut their price target 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. Susquehanna cut their price target 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. Finally, Stifel Nicolaus boosted their price target on Knight-Swift Transportation from $54.00 to $64.00 and gave the company a "buy" rating in a 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $62.75.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the company'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 completion of the transaction, the chief accounting officer now directly 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. 3.00% of the stock is currently owned by corporate 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.