SG Americas Securities LLC Has $107,000 Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

SG Americas Securities LLC trimmed its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 83.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,024 shares of the transportation company’s stock after selling 10,219 shares during the quarter. SG Americas Securities LLC’s holdings in Knight-Swift Transportation were worth $107,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KNX. Franklin Resources Inc. bought a new stake in Knight-Swift Transportation during the 3rd quarter valued at $70,185,000. Fortitude Family Office LLC bought a new stake in shares of Knight-Swift Transportation during the third quarter worth about $26,775,000. Allspring Global Investments Holdings LLC increased its position in shares of 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 acquiring an additional 467,647 shares in the last quarter. Nuance Investments LLC raised its holdings in shares of Knight-Swift Transportation by 74.5% in the 3rd quarter. Nuance Investments LLC now owns 929,083 shares of the transportation company’s stock worth $50,124,000 after acquiring an additional 396,607 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Knight-Swift Transportation by 34.1% in the 3rd 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 acquiring an additional 359,566 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KNX shares. The Goldman Sachs Group increased their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Stifel Nicolaus upped their price target on Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Bank of America raised their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Barclays upped their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. One equities 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.38.

Knight-Swift Transportation Stock Down 1.0 %

Knight-Swift Transportation stock opened at $53.94 on Thursday. The firm has a 50 day simple moving average of $55.00 and a 200 day simple moving average of $54.03. 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 Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $61.51. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 73.89 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) 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, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

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.