Long Road Investment Counsel LLC Sells 500 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Long Road Investment Counsel LLC cut its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,505 shares of the transportation company’s stock after selling 500 shares during the period. Long Road Investment Counsel LLC’s holdings in Knight-Swift Transportation were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KNX. Benchmark began coverage on Knight-Swift Transportation in a report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 price objective on the stock. The Goldman Sachs Group upped their target price on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. 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 boosted their price target 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. Finally, Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.41.

Knight-Swift Transportation Price Performance

Shares of KNX opened at $47.06 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm has a market cap of $7.62 billion, a PE ratio of 64.46 and a beta of 0.97. Knight-Swift Transportation Holdings Inc. has a 1-year low of $44.95 and a 1-year high of $61.51. The firm has a fifty day simple moving average of $52.97 and a two-hundred day simple moving average of $53.58.

Knight-Swift Transportation (NYSE:KNX) last posted 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%. On average, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, March 7th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s dividend payout ratio is presently 98.63%.

Insiders Place Their Bets

In other news, Director Douglas L. Col acquired 5,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

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.