Corient Private Wealth LLC Decreases Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Corient Private Wealth LLC lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 26.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,762 shares of the transportation company’s stock after selling 2,065 shares during the quarter. Corient Private Wealth LLC’s holdings in Knight-Swift Transportation were worth $305,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can boosted its position in Knight-Swift Transportation by 180.6% during the 3rd quarter. Bank of Montreal Can now owns 81,266 shares of the transportation company’s stock valued at $4,392,000 after buying an additional 52,309 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Knight-Swift Transportation by 116.1% during the third quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company’s stock valued at $7,056,000 after acquiring an additional 70,276 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Knight-Swift Transportation by 10.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 102,693 shares of the transportation company’s stock worth $5,540,000 after purchasing an additional 9,447 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Knight-Swift Transportation by 24.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,036,790 shares of the transportation company’s stock worth $55,935,000 after purchasing an additional 204,228 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in Knight-Swift Transportation during the 3rd quarter valued at about $1,142,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Down 0.1 %

NYSE KNX opened at $43.52 on Tuesday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $42.47 and a 12 month high of $61.51. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average price is $50.99 and its 200-day moving average price is $53.10. The stock has a market cap of $7.05 billion, a P/E ratio of 59.62 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s dividend payout ratio (DPR) is 98.63%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KNX. Citigroup upgraded Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price objective for the company in a report on Monday, March 10th. Raymond James raised their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Susquehanna reduced their price objective on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating on the stock in a research report on Wednesday, March 26th. Bank of America lifted their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Benchmark started coverage on Knight-Swift Transportation in a research report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.59.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $226,850. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.

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.