Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stake Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,701 shares of the transportation company’s stock after selling 5,180 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Knight-Swift Transportation worth $5,748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KNX. GHP Investment Advisors Inc. boosted its holdings in Knight-Swift Transportation by 40.5% in the fourth quarter. GHP Investment Advisors Inc. now owns 44,901 shares of the transportation company’s stock worth $2,589,000 after purchasing an additional 12,942 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Knight-Swift Transportation by 5.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,060,156 shares of the transportation company’s stock worth $176,418,000 after acquiring an additional 167,691 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Knight-Swift Transportation during the 4th quarter worth $269,000. Cullinan Associates Inc. acquired a new position in Knight-Swift Transportation during the 4th quarter worth $225,000. Finally, Mader & Shannon Wealth Management Inc. lifted its position in Knight-Swift Transportation by 1.5% during the 4th quarter. Mader & Shannon Wealth Management Inc. now owns 147,514 shares of the transportation company’s stock worth $8,504,000 after acquiring an additional 2,184 shares during the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the sale, the chief accounting officer now directly owns 5,118 shares of the company’s stock, valued at $287,836.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KNX has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on shares of Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Barclays cut their price objective on shares of Knight-Swift Transportation from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, April 1st. JPMorgan Chase & Co. dropped their price target on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Finally, Susquehanna dropped their price target on shares of Knight-Swift Transportation from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and a consensus price target of $62.75.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock opened at $51.00 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 38.35, a P/E/G ratio of 1.44 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.73 and a 1-year high of $60.99. The firm’s 50-day moving average price is $55.66 and its two-hundred day moving average price is $54.23.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, January 24th. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.38). Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. On average, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.35 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a dividend of $0.16 per share. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio is 48.12%.

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.