Oliver Lagore Vanvalin Investment Group Cuts Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Oliver Lagore Vanvalin Investment Group reduced its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 15.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,493 shares of the transportation company’s stock after selling 266 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Knight-Swift Transportation were worth $86,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Massmutual Trust Co. FSB ADV boosted its stake in shares of Knight-Swift Transportation by 136.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock worth $38,000 after purchasing an additional 385 shares during the period. FinTrust Capital Advisors LLC bought a new stake in Knight-Swift Transportation during the 3rd quarter valued at about $42,000. Blue Trust Inc. lifted its holdings in Knight-Swift Transportation by 80.3% during the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after buying an additional 326 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Knight-Swift Transportation by 543.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company’s stock valued at $47,000 after buying an additional 793 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Knight-Swift Transportation by 25.0% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock valued at $50,000 after buying an additional 200 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on KNX. Stephens reduced their price target on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday. Susquehanna dropped their target price on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday. Bank of America dropped their price objective on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus decreased their target price on shares of Knight-Swift Transportation from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $57.77.

Knight-Swift Transportation Stock Down 1.3 %

Shares of NYSE:KNX opened at $47.88 on Friday. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.73 and a 52-week high of $60.99. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 36.00, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. The company has a 50 day moving average of $54.83 and a two-hundred day moving average of $54.19.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.38). Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. As a group, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.3 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors 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 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 7th. Knight-Swift Transportation’s payout ratio is currently 48.12%.

Insider Buying and Selling

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at approximately $287,836.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.

Knight-Swift Transportation Company 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.