Sanctuary Advisors LLC Sells 1,977 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Sanctuary Advisors LLC lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 30.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,578 shares of the transportation company’s stock after selling 1,977 shares during the quarter. Sanctuary Advisors LLC’s holdings in Knight-Swift Transportation were worth $268,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KNX. Franklin Resources Inc. bought a new stake in Knight-Swift Transportation in the third quarter valued at approximately $70,185,000. Nuance Investments LLC lifted its position in Knight-Swift Transportation by 74.5% in the third quarter. Nuance Investments LLC now owns 929,083 shares of the transportation company’s stock valued at $50,124,000 after purchasing an additional 396,607 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Knight-Swift Transportation by 34.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock valued at $76,224,000 after purchasing an additional 359,566 shares during the last quarter. WCM Investment Management LLC bought a new stake in Knight-Swift Transportation in the fourth quarter valued at approximately $16,256,000. Finally, Principal Financial Group Inc. lifted its position in Knight-Swift Transportation by 42.9% in the fourth quarter. Principal Financial Group Inc. now owns 933,359 shares of the transportation company’s stock valued at $49,505,000 after purchasing an additional 280,121 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and upped their target price for the company from $48.00 to $67.00 in a report on Friday, January 3rd. Bank of America upped their target price on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Citigroup downgraded Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company. in a report on Tuesday, November 12th. Benchmark assumed coverage on Knight-Swift Transportation in a report on Tuesday. They set a “buy” rating and a $63.00 target price for the company. Finally, StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.59.

Knight-Swift Transportation Trading Down 2.4 %

NYSE KNX opened at $47.93 on Wednesday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $61.51. The stock has a market cap of $7.76 billion, a P/E ratio of 65.66 and a beta of 0.99. The stock’s fifty day moving average price is $54.10 and its 200-day moving average price is $53.96. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping 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%. As a group, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be paid a $0.18 dividend. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio is currently 98.63%.

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.