Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 214,143 shares of the transportation company's stock after selling 17,750 shares during the quarter. Wedge Capital Management L L P NC owned 0.13% of Knight-Swift Transportation worth $12,345,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP grew its position in shares of Knight-Swift Transportation by 15.2% during the 3rd quarter. Wellington Management Group LLP now owns 13,578,508 shares of the transportation company's stock valued at $680,962,000 after acquiring an additional 1,794,133 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Knight-Swift Transportation by 13.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,892,465 shares of the transportation company's stock valued at $145,057,000 after buying an additional 347,233 shares in the last quarter. Assenagon Asset Management S.A. raised its stake 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 buying an additional 180,659 shares during the period. Citigroup Inc. lifted its position in shares of Knight-Swift Transportation by 192.4% during the 3rd quarter. Citigroup Inc. now owns 86,467 shares of the transportation company's stock valued at $4,336,000 after buying an additional 180,065 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in Knight-Swift Transportation by 79.9% in the 3rd quarter. Retirement Systems of Alabama now owns 397,262 shares of the transportation company's stock valued at $19,923,000 after acquiring an additional 176,404 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the transaction, the chief accounting officer now owns 5,118 shares of the company's stock, valued at $287,836.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Trading Up 2.2 %

KNX stock traded up $1.06 during trading on Tuesday, reaching $49.21. 2,438,343 shares of the stock were exchanged, compared to its average volume of 2,123,988. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 1.66 and a beta of 0.99. The business has a 50 day moving average price of $54.15 and a 200-day moving average price of $54.26. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.73 and a 1 year 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 EPS 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 analysts' expectations of $1.92 billion. Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. On average, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.93 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed 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 dividend yield of 1.30%. This is an increase 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 (DPR) is presently 48.12%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Bank of America decreased their price objective on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Thursday, April 18th. TD Cowen lowered their price objective on Knight-Swift Transportation from $58.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, April 18th. Stifel Nicolaus cut their price objective on Knight-Swift Transportation from $60.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, April 18th. Stephens decreased their target price on Knight-Swift Transportation from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, April 18th. Finally, Loop Capital cut Knight-Swift Transportation from a "buy" rating to a "hold" rating and dropped their price target for the stock from $63.00 to $53.00 in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $57.77.

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.