Boston Partners Sells 6,683 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Boston Partners trimmed its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 18.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,697 shares of the transportation company’s stock after selling 6,683 shares during the period. Boston Partners’ holdings in Knight-Swift Transportation were worth $1,522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Knight-Swift Transportation by 18.5% in 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Knight-Swift Transportation by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after buying an additional 213 shares in the last quarter. Signaturefd LLC raised its stake in Knight-Swift Transportation by 8.5% in the fourth quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock worth $147,000 after buying an additional 218 shares in the last quarter. MML Investors Services LLC raised its stake in Knight-Swift Transportation by 4.6% in the third quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock worth $280,000 after buying an additional 228 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in Knight-Swift Transportation by 4.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company’s stock worth $281,000 after buying an additional 235 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Trading Down 0.3 %

NYSE:KNX opened at $44.39 on Friday. The company’s 50 day moving average price is $52.30 and its 200-day moving average price is $53.37. Knight-Swift Transportation Holdings Inc. has a 52 week low of $42.72 and a 52 week 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 $7.19 billion, a price-to-earnings ratio of 60.81 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s payout ratio is 98.63%.

Insiders Place Their Bets

In related news, Director Douglas L. Col bought 5,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KNX shares. StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their price target for the stock from $48.00 to $67.00 in a research note on Friday, January 3rd. Citigroup raised shares of Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price target for the company in a research note on Monday, March 10th. Raymond James raised their target price on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Eight investment 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’s stock. Based on data from MarketBeat.com, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and a consensus price target of $59.41.

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.