Sumitomo Mitsui Trust Group Inc. Sells 9,551 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 304,071 shares of the transportation company’s stock after selling 9,551 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.19% of Knight-Swift Transportation worth $16,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNX. Franklin Resources Inc. bought a new position in Knight-Swift Transportation during the third quarter worth about $70,185,000. Fortitude Family Office LLC bought a new position in Knight-Swift Transportation during the third quarter worth about $26,775,000. Allspring Global Investments Holdings LLC boosted its holdings in Knight-Swift Transportation by 13.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company’s stock worth $219,870,000 after buying an additional 467,647 shares during the last quarter. Nuance Investments LLC raised its position in shares of Knight-Swift Transportation by 74.5% during the third quarter. Nuance Investments LLC now owns 929,083 shares of the transportation company’s stock worth $50,124,000 after purchasing an additional 396,607 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Knight-Swift Transportation by 34.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock worth $76,224,000 after purchasing an additional 359,566 shares during the period. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Down 1.0 %

KNX stock opened at $53.94 on Thursday. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $55.00 and a two-hundred day moving average price of $54.03. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 73.89 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results 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%. Analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on KNX. The Goldman Sachs Group raised their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Barclays raised their price target on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Citigroup lowered Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a research report on Tuesday, November 12th. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Bank of America raised their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.38.

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.