Stephens Inc. AR Has $12.53 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Stephens Inc. AR lifted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 236,184 shares of the transportation company’s stock after purchasing an additional 2,897 shares during the period. Stephens Inc. AR’s holdings in Knight-Swift Transportation were worth $12,527,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its position in Knight-Swift Transportation by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company’s stock worth $219,870,000 after purchasing an additional 467,647 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Knight-Swift Transportation by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company’s stock valued at $147,529,000 after purchasing an additional 46,436 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Knight-Swift Transportation by 34.1% in 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 purchasing an additional 359,566 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Knight-Swift Transportation during the third quarter worth $70,185,000. Finally, Thrivent Financial for Lutherans increased its holdings in Knight-Swift Transportation by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 1,337,737 shares of the transportation company’s stock valued at $72,171,000 after purchasing an additional 6,803 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Insider Activity at Knight-Swift Transportation

In other news, Director Ploeg David Vander sold 500 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. This represents a 1.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Kevin P. Knight sold 29,779 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KNX has been the topic of a number of recent analyst reports. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their target price for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Citigroup lowered shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective on the stock. in a research note on Tuesday, November 12th. Barclays upped their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Morgan Stanley reduced their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Finally, TD Cowen boosted their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.38.

Knight-Swift Transportation Stock Down 2.0 %

NYSE:KNX opened at $54.21 on Monday. The company has a market cap of $8.78 billion, a PE ratio of 74.26 and a beta of 0.99. The stock has a 50-day simple moving average of $55.12 and a 200 day simple moving average of $53.95. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 6th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, December 6th. Knight-Swift Transportation’s payout ratio is 87.67%.

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.