Harel Insurance Investments & Financial Services Ltd. Sells 305 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Harel Insurance Investments & Financial Services Ltd. lowered its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 18.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,317 shares of the transportation company’s stock after selling 305 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Knight-Swift Transportation were worth $70,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of KNX. Allspring Global Investments Holdings LLC raised its holdings in Knight-Swift Transportation by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company’s stock valued at $219,870,000 after acquiring an additional 467,647 shares in the last quarter. Geode Capital Management LLC raised its stake in Knight-Swift Transportation by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company’s stock valued at $147,529,000 after purchasing an additional 46,436 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Knight-Swift Transportation by 34.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock worth $76,224,000 after purchasing an additional 359,566 shares during the period. Franklin Resources Inc. acquired a new stake in Knight-Swift Transportation during the third quarter worth about $70,185,000. Finally, Thrivent Financial for Lutherans increased its holdings in Knight-Swift Transportation by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,337,737 shares of the transportation company’s stock valued at $72,171,000 after buying an additional 6,803 shares during the period. Institutional investors own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Bank of America raised 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. Barclays boosted their target price on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Morgan Stanley lowered their price objective on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, TD Cowen raised their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.38.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Ploeg David Vander sold 500 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares in the company, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Kevin P. Knight sold 29,779 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $57.22 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week high of $61.51. The firm has a 50 day moving average of $55.31 and a 200-day moving average of $53.44. The company has a market cap of $9.26 billion, a price-to-earnings ratio of 78.38, a price-to-earnings-growth ratio of 1.02 and a beta of 0.98.

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, topping analysts’ consensus estimates 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 2.11 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 87.67%.

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.