Elo Mutual Pension Insurance Co Sells 3,034 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Elo Mutual Pension Insurance Co reduced its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,322 shares of the transportation company’s stock after selling 3,034 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Knight-Swift Transportation were worth $601,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in Knight-Swift Transportation by 6.8% in the fourth quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company’s stock valued at $423,265,000 after acquiring an additional 506,491 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Knight-Swift Transportation by 3.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company’s stock valued at $221,541,000 after purchasing an additional 125,827 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Knight-Swift Transportation by 1.7% during the 3rd 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 increased its position in shares of 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 valued at $76,224,000 after buying an additional 359,566 shares during the period. Finally, Franklin Resources Inc. bought a new position in Knight-Swift Transportation in the third quarter worth about $70,185,000. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $226,850. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

KNX has been the topic of a number of research analyst reports. Bank of America upped their target price on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Raymond James upped their price target 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. The Goldman Sachs Group raised 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. Citigroup raised shares of Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 target price on the stock in a research report on Monday, March 10th. Finally, Susquehanna lowered their price target on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating for the company in a research report on Wednesday, March 26th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.59.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $43.54 on Monday. The company has a market cap of $7.05 billion, a PE ratio of 59.65 and a beta of 0.97. The firm’s 50 day moving average price is $51.22 and its 200-day moving average price is $53.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation Holdings Inc. has a 52-week low of $42.72 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating 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%. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were issued a $0.18 dividend. The ex-dividend date was Friday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.65%. Knight-Swift Transportation’s payout ratio is currently 98.63%.

Knight-Swift Transportation Company 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.