American International Group Inc. Sells 9,375 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

American International Group Inc. reduced its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 217,829 shares of the transportation company’s stock after selling 9,375 shares during the quarter. American International Group Inc. owned 0.13% of Knight-Swift Transportation worth $12,558,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Knight-Swift Transportation by 0.4% in the third quarter. Vanguard Group Inc. now owns 14,964,291 shares of the transportation company’s stock worth $750,459,000 after acquiring an additional 54,133 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Knight-Swift Transportation by 583.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 33,165 shares of the transportation company’s stock valued at $1,912,000 after buying an additional 28,309 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Knight-Swift Transportation by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,058,952 shares of the transportation company’s stock worth $61,049,000 after buying an additional 35,549 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of Knight-Swift Transportation during the fourth quarter worth $2,240,000. Finally, Nordea Investment Management AB lifted its stake in shares of Knight-Swift Transportation by 4.5% in the 3rd quarter. Nordea Investment Management AB now owns 1,251,000 shares of the transportation company’s stock valued at $62,950,000 after acquiring an additional 54,076 shares during the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $46.76 on Monday. The business has a 50-day moving average price of $48.57 and a two-hundred day moving average price of $53.68. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $60.99. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. The company has a market cap of $7.56 billion, a P/E ratio of 69.79, a PEG ratio of 1.18 and a beta of 0.98.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.07). The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.26 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.37%. Knight-Swift Transportation’s payout ratio is presently 95.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KNX shares. Raymond James initiated coverage on Knight-Swift Transportation in a research report on Wednesday, May 15th. They set a “strong-buy” rating and a $58.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Loop Capital lowered shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and dropped their price objective for the company from $63.00 to $53.00 in a report on Thursday, April 18th. Robert W. Baird cut their target price on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Finally, Stephens decreased their price target on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus target price of $57.29.

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.