Cibc World Markets Corp Sells 2,092 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Cibc World Markets Corp lessened its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 22.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,325 shares of the transportation company’s stock after selling 2,092 shares during the period. Cibc World Markets Corp’s holdings in Knight-Swift Transportation were worth $389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KNX. Parkside Financial Bank & Trust lifted its stake in shares of Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after acquiring an additional 322 shares during the period. UMB Bank n.a. raised its holdings in Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after purchasing an additional 370 shares during the last quarter. Quarry LP lifted its position in shares of Knight-Swift Transportation by 71.1% in the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock worth $65,000 after purchasing an additional 499 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after buying an additional 208 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Down 0.3 %

KNX opened at $44.39 on Monday. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $42.72 and a fifty-two week high of $61.51. The firm has a market capitalization of $7.19 billion, a PE ratio of 60.81 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The company’s 50-day moving average is $52.30 and its 200 day moving average is $53.37.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS 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%. As a group, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share 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. Shareholders of record on Friday, March 7th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.62%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 98.63%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Cowen boosted their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Raymond James raised their target price on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Benchmark started coverage on Knight-Swift Transportation in a research note on Tuesday, March 4th. They issued a “buy” rating and a $63.00 price target on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and an average price target of $59.41.

Insiders Place Their Bets

In other news, Director Douglas L. Col purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

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.