Amundi Has $12.70 Million Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Amundi lowered its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 38.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 235,880 shares of the transportation company’s stock after selling 146,855 shares during the quarter. Amundi owned 0.15% of Knight-Swift Transportation worth $12,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in KNX. Parkside Financial Bank & Trust increased its stake in shares of Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after buying an additional 322 shares during the period. UMB Bank n.a. increased its stake in shares of Knight-Swift Transportation by 84.3% in the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after buying an additional 370 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Knight-Swift Transportation by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock valued at $62,000 after buying an additional 292 shares during the period. Quarry LP increased its stake in shares of Knight-Swift Transportation by 71.1% in the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock valued at $65,000 after buying an additional 499 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 valued at $67,000 after buying an additional 213 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on KNX shares. StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Citigroup raised shares of Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 target price for the company in a research report on Monday, March 10th. The Goldman Sachs Group increased 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 report on Thursday, December 12th. Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their target price for the company from $48.00 to $67.00 in a research report on Friday, January 3rd. Finally, TD Cowen increased their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Eight equities research 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 company. According to MarketBeat, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and a consensus target price of $59.41.

Insider Activity at Knight-Swift Transportation

In related news, Director Douglas L. Col purchased 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, with a total value of $226,850.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $226,850. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

Knight-Swift Transportation Price Performance

Shares of KNX opened at $46.56 on Friday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $44.95 and a 12-month high of $61.51. The business’s fifty day moving average is $53.11 and its 200 day moving average is $53.59. 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 $7.54 billion, a P/E ratio of 63.77 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 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%. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be given a $0.18 dividend. This is a positive change 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 1.55%. The ex-dividend date of this dividend is Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio is presently 98.63%.

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.