Dupont Capital Management Corp reduced its position in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,636 shares of the transportation company’s stock after selling 7,483 shares during the period. Dupont Capital Management Corp’s holdings in Knight-Swift Transportation were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. DNB Asset Management AS lifted its holdings in shares of Knight-Swift Transportation by 27.0% during the third quarter. DNB Asset Management AS now owns 15,500 shares of the transportation company’s stock valued at $534,000 after purchasing an additional 3,300 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $22,067,000. NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $448,000. Deltec Asset Management LLC acquired a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $4,697,000. Finally, Peregrine Capital Management LLC grew its holdings in shares of Knight-Swift Transportation by 2.7% during the 3rd quarter. Peregrine Capital Management LLC now owns 529,701 shares of the transportation company’s stock worth $18,264,000 after purchasing an additional 13,952 shares in the last quarter. Hedge funds and other institutional investors own 82.33% of the company’s stock.
Shares of Knight-Swift Transportation stock opened at $33.49 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.48 and a quick ratio of 1.43. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.77 and a beta of 1.95. Knight-Swift Transportation Holdings Inc has a 1-year low of $23.27 and a 1-year high of $50.35.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Monday, March 4th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.72%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 9.38%.
KNX has been the subject of several analyst reports. Zacks Investment Research upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Monday, December 10th. Loop Capital lifted their price objective on Knight-Swift Transportation from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, October 26th. Morgan Stanley set a $53.00 price objective on Knight-Swift Transportation and gave the stock a “buy” rating in a research note on Monday, October 22nd. Goldman Sachs Group raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $46.00 to $48.00 in a research note on Thursday, November 8th. They noted that the move was a valuation call. Finally, TheStreet cut Knight-Swift Transportation from a “b-” rating to a “c+” rating in a research note on Thursday, December 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Knight-Swift Transportation currently has an average rating of “Buy” and a consensus price target of $45.17.
In other news, insider Jerry Moyes sold 1,173,680 shares of the business’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $24.98, for a total transaction of $29,318,526.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Synowicki, Jr. purchased 1,000 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, December 12th. The shares were purchased at an average price of $28.83 per share, with a total value of $28,830.00. The disclosure for this purchase can be found here. Insiders own 27.50% of the company’s stock.
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Knight-Swift Transportation Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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