Pacific Capital Wealth Advisors Inc. Sells 763 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Pacific Capital Wealth Advisors Inc. decreased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,340 shares of the transportation company’s stock after selling 763 shares during the period. Pacific Capital Wealth Advisors Inc.’s holdings in Knight-Swift Transportation were worth $601,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 208 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after purchasing an additional 213 shares in the last quarter. MML Investors Services LLC boosted its stake in Knight-Swift Transportation by 4.6% in the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock worth $280,000 after purchasing an additional 228 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Knight-Swift Transportation by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 292 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its position in Knight-Swift Transportation by 87.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 348 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $58.76 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The company’s fifty day moving average price is $55.31 and its 200 day moving average price is $53.51. The company has a market capitalization of $9.51 billion, a PE ratio of 80.49, a price-to-earnings-growth ratio of 1.02 and a beta of 0.98. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. As a group, analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.11 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, December 6th. This represents a $0.64 annualized dividend and a yield of 1.09%. Knight-Swift Transportation’s dividend payout ratio is currently 87.67%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. TD Cowen upped their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock 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 note on Thursday, January 23rd. Stifel Nicolaus raised their price objective on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a report on Friday, October 25th. Bank of America upped their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Morgan Stanley reduced their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.38.

Insider Buying and Selling at Knight-Swift Transportation

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

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.