Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stake Reduced by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,566 shares of the transportation company’s stock after selling 337 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Knight-Swift Transportation were worth $666,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KNX. Franklin Resources Inc. acquired a new position in Knight-Swift Transportation during the 3rd quarter worth $70,185,000. Nuance Investments LLC boosted its position in Knight-Swift Transportation by 74.5% during the 3rd quarter. Nuance Investments LLC now owns 929,083 shares of the transportation company’s stock worth $50,124,000 after acquiring an additional 396,607 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in Knight-Swift Transportation by 34.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock worth $76,224,000 after acquiring an additional 359,566 shares during the period. WCM Investment Management LLC acquired a new position in Knight-Swift Transportation during the 4th quarter worth $16,256,000. Finally, Principal Financial Group Inc. boosted its position in Knight-Swift Transportation by 42.9% during the 4th quarter. Principal Financial Group Inc. now owns 933,359 shares of the transportation company’s stock worth $49,505,000 after acquiring an additional 280,121 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analyst Ratings Changes

KNX has been the subject of a number of analyst reports. Bank of America boosted their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. The Goldman Sachs Group upped their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and upped their price objective for the company from $48.00 to $67.00 in a report on Friday, January 3rd. Finally, Citigroup lowered Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective for the company. in a report on Tuesday, November 12th. One equities research 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.38.

Knight-Swift Transportation Trading Up 2.8 %

Shares of NYSE KNX opened at $50.38 on Monday. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 69.01 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $61.51. 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 business has a fifty day simple moving average of $54.28 and a 200-day simple moving average of $54.03.

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

Knight-Swift Transportation Increases Dividend

The firm 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 dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.43%. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s payout ratio is presently 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.