Versor Investments LP cut its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 43.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,700 shares of the transportation company's stock after selling 8,200 shares during the period. Versor Investments LP's holdings in Knight-Swift Transportation were worth $568,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KNX. Assenagon Asset Management S.A. lifted its stake in shares of Knight-Swift Transportation by 11.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,704 shares of the transportation company's stock valued at $308,000 after buying an additional 597 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Knight-Swift Transportation by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 18,783 shares of the transportation company's stock worth $1,013,000 after buying an additional 1,275 shares in the last quarter. Stephens Inc. AR raised its position in Knight-Swift Transportation by 2.4% during the third quarter. Stephens Inc. AR now owns 233,287 shares of the transportation company's stock valued at $12,586,000 after purchasing an additional 5,373 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Knight-Swift Transportation by 18.5% during the third quarter. QRG Capital Management Inc. now owns 7,981 shares of the transportation company's stock worth $431,000 after acquiring an additional 1,248 shares in the last quarter. Finally, Cornerstone Capital Inc. boosted its position in Knight-Swift Transportation by 18.0% during the third quarter. Cornerstone Capital Inc. now owns 20,170 shares of the transportation company's stock valued at $1,088,000 after buying an additional 3,080 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KNX traded up $1.40 during mid-day trading on Friday, reaching $50.38. The stock had a trading volume of 13,626,058 shares, compared to its average volume of 2,596,876. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 69.01 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The business's fifty day moving average is $54.28 and its 200 day moving average is $54.02. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $61.51.
Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. On average, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.43%. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 7th. Knight-Swift Transportation's dividend payout ratio is 98.63%.
A number of research firms have recently weighed in on KNX. TD Cowen increased their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Susquehanna raised Knight-Swift Transportation from a "neutral" rating to a "positive" rating and boosted their target price for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. StockNews.com raised Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. Finally, Raymond James increased their target price on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a "strong-buy" rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $59.38.
View Our Latest Stock Analysis on KNX
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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