Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock Holdings Decreased by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. trimmed its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,691 shares of the transportation company’s stock after selling 3,472 shares during the quarter. Knight-Swift Transportation makes up about 4.0% of Mader & Shannon Wealth Management Inc.’s portfolio, making the stock its 9th biggest position. Mader & Shannon Wealth Management Inc.’s holdings in Knight-Swift Transportation were worth $6,508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. New York State Common Retirement Fund raised its holdings in shares of Knight-Swift Transportation by 0.9% in the fourth quarter. New York State Common Retirement Fund now owns 190,884 shares of the transportation company’s stock worth $10,124,000 after buying an additional 1,756 shares during the period. Peregrine Capital Management LLC raised its holdings in shares of Knight-Swift Transportation by 1.6% in the fourth quarter. Peregrine Capital Management LLC now owns 177,112 shares of the transportation company’s stock worth $9,394,000 after buying an additional 2,837 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Knight-Swift Transportation by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,924 shares of the transportation company’s stock worth $261,000 after buying an additional 252 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Knight-Swift Transportation by 42.9% in the fourth quarter. Principal Financial Group Inc. now owns 933,359 shares of the transportation company’s stock worth $49,505,000 after buying an additional 280,121 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Knight-Swift Transportation by 28.7% in the fourth quarter. Allworth Financial LP now owns 2,197 shares of the transportation company’s stock worth $121,000 after buying an additional 490 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Trading Down 2.2 %

Shares of NYSE:KNX opened at $52.94 on Thursday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $61.51. The business’s fifty day simple moving average is $54.80 and its 200-day simple moving average is $54.08. The company has a market capitalization of $8.57 billion, a PE ratio of 72.52 and a beta of 0.99. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share 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%. As a group, equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be given a $0.18 dividend. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.36%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 87.67%.

Wall Street Analyst Weigh In

Several research firms have commented on KNX. Stifel Nicolaus raised their price objective on Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. The Goldman Sachs Group raised their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Raymond James raised their price objective on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley reduced their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.38.

Knight-Swift Transportation Company 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.