Corebridge Financial Inc. Has $9.71 Million Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Corebridge Financial Inc. cut its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,149 shares of the transportation company’s stock after selling 8,221 shares during the quarter. Corebridge Financial Inc. owned about 0.11% of Knight-Swift Transportation worth $9,714,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KNX. LPL Financial LLC lifted its stake in shares of Knight-Swift Transportation by 28.3% in the 4th quarter. LPL Financial LLC now owns 31,736 shares of the transportation company’s stock valued at $1,683,000 after purchasing an additional 6,991 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Knight-Swift Transportation in the fourth quarter worth about $2,366,000. Sei Investments Co. boosted its stake in shares of Knight-Swift Transportation by 7.6% during the 4th quarter. Sei Investments Co. now owns 365,021 shares of the transportation company’s stock worth $19,361,000 after acquiring an additional 25,786 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Knight-Swift Transportation by 8.0% during the 4th quarter. American Century Companies Inc. now owns 1,241,222 shares of the transportation company’s stock valued at $65,835,000 after acquiring an additional 92,259 shares during the last quarter. Finally, Chesapeake Capital Corp IL acquired a new stake in Knight-Swift Transportation in the 4th quarter worth approximately $387,000. 88.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on KNX. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Bank of America raised their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Benchmark began coverage on shares of Knight-Swift Transportation in a report on Tuesday, March 4th. They set a “buy” rating and a $63.00 price target for the company. TD Cowen lifted their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their target price on 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 issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.65.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of Knight-Swift Transportation stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $45.37 per share, with a total value of $226,850.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $226,850. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Trading Up 0.7 %

Shares of Knight-Swift Transportation stock opened at $44.61 on Thursday. The company’s fifty day moving average price is $51.68 and its two-hundred day moving average price is $53.23. The firm has a market capitalization of $7.22 billion, a PE ratio of 61.10 and a beta of 0.97. 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 debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01.

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

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s dividend payout ratio (DPR) is 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.