Primecap Management Co. CA Sells 500 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Primecap Management Co. CA lessened its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 0.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 176,700 shares of the transportation company’s stock after selling 500 shares during the period. Primecap Management Co. CA’s holdings in Knight-Swift Transportation were worth $9,372,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KNX. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Knight-Swift Transportation in the third quarter worth about $3,729,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Knight-Swift Transportation by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock worth $61,878,000 after buying an additional 26,346 shares during the period. Stanley Laman Group Ltd. bought a new stake in shares of Knight-Swift Transportation during the 4th quarter worth approximately $3,021,000. Jane Street Group LLC boosted its holdings in Knight-Swift Transportation by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock valued at $3,771,000 after acquiring an additional 16,500 shares during the period. Finally, Paloma Partners Management Co grew its position in Knight-Swift Transportation by 681.6% in the 3rd quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock valued at $3,237,000 after acquiring an additional 52,323 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Trading Down 2.6 %

Shares of NYSE KNX opened at $45.19 on Thursday. Knight-Swift Transportation Holdings Inc. has a 1-year low of $44.94 and a 1-year high of $61.51. The business has a fifty day moving average price of $52.65 and a 200 day moving average price of $53.48. The stock has a market capitalization of $7.32 billion, a P/E ratio of 61.90 and a beta of 0.97. 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 released its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be issued a $0.18 dividend. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, March 7th. Knight-Swift Transportation’s payout ratio is currently 98.63%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on KNX shares. Citigroup upgraded Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 target price for the company in a research report on Monday, March 10th. TD Cowen boosted their price objective on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Benchmark began coverage on shares of Knight-Swift Transportation in a research note on Tuesday, March 4th. They set a “buy” rating and a $63.00 price target for the company. Finally, Bank of America increased their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average price target of $59.41.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $226,850. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

About Knight-Swift Transportation

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.