Handelsbanken Fonder AB Has $2.33 Million Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Handelsbanken Fonder AB trimmed its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.1% in the 4th quarter, Holdings Channel reports. The fund owned 44,000 shares of the transportation company’s stock after selling 1,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Knight-Swift Transportation were worth $2,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Knight-Swift Transportation during the 3rd quarter valued at about $3,729,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Knight-Swift Transportation by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock valued at $61,878,000 after purchasing an additional 26,346 shares in the last quarter. Stanley Laman Group Ltd. bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth about $3,021,000. Jane Street Group LLC increased its position in shares of Knight-Swift Transportation by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock worth $3,771,000 after purchasing an additional 16,500 shares in the last quarter. Finally, Paloma Partners Management Co lifted its holdings in Knight-Swift Transportation by 681.6% during the 3rd quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock valued at $3,237,000 after purchasing an additional 52,323 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Trading Down 2.8 %

Shares of NYSE KNX opened at $50.67 on Tuesday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $61.51. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 69.41 and a beta of 0.99. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average is $54.51 and its 200-day moving average is $54.08.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio is presently 98.63%.

Analysts Set New Price Targets

Several analysts have weighed in on KNX shares. Barclays upped their price objective 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. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their price target for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. The Goldman Sachs Group lifted their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. TD Cowen increased their target price on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Raymond James lifted their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.38.

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.