Mercer Global Advisors Inc. ADV Sells 3,108 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Mercer Global Advisors Inc. ADV trimmed its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 20.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,783 shares of the transportation company’s stock after selling 3,108 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Knight-Swift Transportation were worth $625,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Parkside Financial Bank & Trust grew its holdings in Knight-Swift Transportation by 88.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after buying an additional 322 shares during the last quarter. UMB Bank n.a. grew its holdings in Knight-Swift Transportation by 84.3% in the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after buying an additional 370 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after buying an additional 213 shares during the last quarter. GAMMA Investing LLC grew its holdings in Knight-Swift Transportation by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after buying an additional 208 shares during the last quarter. Finally, Arcadia Investment Management Corp MI grew its holdings in Knight-Swift Transportation by 167.2% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock valued at $71,000 after buying an additional 836 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KNX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Knight-Swift Transportation from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus lowered their target price on Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Citigroup raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $53.00 to $48.00 in a report on Tuesday, April 8th. TD Cowen decreased their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Finally, The Goldman Sachs Group decreased their price objective on Knight-Swift Transportation from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.60.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $42.43 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The firm has a market cap of $6.88 billion, a P/E ratio of 58.12 and a beta of 1.18. The business’s fifty day moving average is $42.43 and its two-hundred day moving average is $50.53. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation’s dividend payout ratio is currently 76.60%.

Insider Transactions at Knight-Swift Transportation

In other news, Director Douglas L. Col bought 5,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $226,850. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by corporate insiders.

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.