Savant Capital LLC Sells 2,360 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Savant Capital LLC cut its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 22.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,202 shares of the transportation company’s stock after selling 2,360 shares during the period. Savant Capital LLC’s holdings in Knight-Swift Transportation were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KNX. Creative Planning grew its holdings in shares of Knight-Swift Transportation by 4.7% in the third quarter. Creative Planning now owns 21,133 shares of the transportation company’s stock worth $1,140,000 after purchasing an additional 945 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Knight-Swift Transportation by 13.0% in 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 purchasing an additional 467,647 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Knight-Swift Transportation by 11.7% in the third quarter. Assenagon Asset Management S.A. now owns 5,704 shares of the transportation company’s stock worth $308,000 after purchasing an additional 597 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Knight-Swift Transportation by 32.7% in the third quarter. Arkadios Wealth Advisors now owns 9,395 shares of the transportation company’s stock worth $507,000 after purchasing an additional 2,316 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Knight-Swift Transportation by 6.3% in the third quarter. GHP Investment Advisors Inc. now owns 61,464 shares of the transportation company’s stock worth $3,316,000 after purchasing an additional 3,645 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KNX has been the topic of a number of research analyst reports. Morgan Stanley cut their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays increased their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Bank of America increased their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, TD Cowen increased their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.38.

Knight-Swift Transportation Stock Performance

KNX stock opened at $54.20 on Monday. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 74.24 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The firm has a 50-day simple moving average of $54.88 and a two-hundred day simple moving average of $54.04. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $61.51.

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%. On average, 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be given a $0.18 dividend. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 87.67%.

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.