Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock Holdings Cut by Shelton Capital Management

Shelton Capital Management lessened its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 5.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,109 shares of the transportation company’s stock after selling 373 shares during the period. Shelton Capital Management’s holdings in Knight-Swift Transportation were worth $324,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Stanley Laman Group Ltd. bought a new stake in Knight-Swift Transportation in the fourth quarter worth about $3,021,000. Jane Street Group LLC raised its holdings in shares of Knight-Swift Transportation by 30.9% in 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. Charles Schwab Investment Management Inc. raised its holdings in shares of Knight-Swift Transportation by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company’s stock worth $62,340,000 after purchasing an additional 28,387 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Knight-Swift Transportation by 21.5% during the third quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company’s stock valued at $35,242,000 after purchasing an additional 115,447 shares during the last quarter. Finally, New England Research & Management Inc. boosted its holdings in Knight-Swift Transportation by 199.2% during the fourth quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company’s stock worth $1,571,000 after buying an additional 19,725 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Bank of America cut Knight-Swift Transportation from a “buy” rating to a “neutral” rating and dropped their price target for the company from $66.00 to $46.00 in a report on Tuesday, April 1st. Raymond James boosted their target price on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. TD Cowen increased their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Benchmark started coverage on Knight-Swift Transportation in a report on Tuesday, March 4th. They set a “buy” rating and a $63.00 price objective on the stock. Finally, Susquehanna decreased their target price on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating for the company in a report on Wednesday, March 26th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.59.

Insider Buying and Selling

In other news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $226,850. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Trading Down 5.6 %

Knight-Swift Transportation stock opened at $40.57 on Friday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. 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 stock has a market cap of $6.57 billion, a P/E ratio of 55.58 and a beta of 1.16. The company’s fifty day simple moving average is $47.78 and its 200-day simple moving average is $52.29.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.77%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s payout ratio is currently 98.63%.

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.