Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock Position Decreased by Qsemble Capital Management LP

Qsemble Capital Management LP decreased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNXFree Report) by 55.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,900 shares of the transportation company’s stock after selling 51,900 shares during the quarter. Qsemble Capital Management LP’s holdings in Knight-Swift Transportation were worth $2,416,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Mesirow Institutional Investment Management Inc. increased its stake in shares of Knight-Swift Transportation by 0.8% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 52,609 shares of the transportation company’s stock worth $3,033,000 after purchasing an additional 430 shares during the last quarter. Versor Investments LP acquired a new position in Knight-Swift Transportation during the fourth quarter worth $1,148,000. Pacific Capital Wealth Advisors Inc. bought a new position in Knight-Swift Transportation during the fourth quarter valued at about $698,000. Charles Schwab Investment Management Inc. lifted its position in shares of Knight-Swift Transportation by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,058,952 shares of the transportation company’s stock worth $61,049,000 after buying an additional 35,549 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Knight-Swift Transportation by 95.3% during the 4th quarter. M&T Bank Corp now owns 20,698 shares of the transportation company’s stock worth $1,193,000 after acquiring an additional 10,098 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Insider Transactions at Knight-Swift Transportation

In other news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the sale, the chief accounting officer now owns 5,118 shares in the company, valued at $287,836.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Knight-Swift Transportation Price Performance

NYSE:KNX traded up $1.04 during trading hours on Friday, reaching $49.85. The company had a trading volume of 2,503,123 shares, compared to its average volume of 2,917,949. The firm has a market capitalization of $8.05 billion, a PE ratio of 74.40, a PEG ratio of 2.63 and a beta of 1.03. The stock has a 50-day moving average of $51.65 and a two-hundred day moving average of $54.07. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $60.99. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business earned $0.73 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.27 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, June 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 95.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Robert W. Baird reduced their target price on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Susquehanna decreased their price objective on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. TD Cowen dropped their target price on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Evercore ISI decreased their price target on shares of Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating for the company in a report on Thursday, April 25th. Finally, Stephens dropped their price objective on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $57.71.

Read Our Latest Analysis on Knight-Swift Transportation

Knight-Swift Transportation Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding KNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knight-Swift Transportation Holdings Inc. (NYSE:KNXFree Report).

Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.