DekaBank Deutsche Girozentrale Decreases Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

DekaBank Deutsche Girozentrale decreased its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 72.3% in the fourth quarter, Holdings Channel reports. The firm owned 19,139 shares of the transportation company’s stock after selling 49,885 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Knight-Swift Transportation were worth $1,110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNX. Raymond James & Associates boosted its holdings in Knight-Swift Transportation by 22.1% in the first quarter. Raymond James & Associates now owns 76,395 shares of the transportation company’s stock worth $3,855,000 after acquiring an additional 13,808 shares in the last quarter. US Bancorp DE raised its position in shares of Knight-Swift Transportation by 57.6% in the 1st quarter. US Bancorp DE now owns 14,450 shares of the transportation company’s stock valued at $729,000 after purchasing an additional 5,283 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Knight-Swift Transportation by 23.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,997 shares of the transportation company’s stock worth $706,000 after purchasing an additional 2,677 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Knight-Swift Transportation by 3.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 211,351 shares of the transportation company’s stock worth $11,126,000 after purchasing an additional 7,824 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Knight-Swift Transportation by 6.7% during the 1st quarter. Sei Investments Co. now owns 141,380 shares of the transportation company’s stock valued at $7,135,000 after purchasing an additional 8,923 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Trading Down 1.9 %

Shares of NYSE:KNX opened at $51.00 on Monday. The company has a market capitalization of $8.24 billion, a PE ratio of 38.35, a PEG ratio of 1.44 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.73 and a 12-month high of $60.99. The business has a 50 day moving average of $55.66 and a two-hundred day moving average of $54.26. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 24th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.38). Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. As a group, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.35 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a dividend of $0.16 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio is presently 48.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KNX. Susquehanna lowered their price objective on shares of Knight-Swift Transportation from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. Stifel Nicolaus lifted their price target on Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. dropped their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Finally, Barclays reduced their price objective on Knight-Swift Transportation from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

Insider Activity

In related news, CAO Cary M. Flanagan sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total value of $112,480.00. Following the completion of the transaction, the chief accounting officer now owns 5,118 shares of the company’s stock, valued at approximately $287,836.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

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.