Elo Mutual Pension Insurance Co Decreases Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Elo Mutual Pension Insurance Co cut its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,322 shares of the transportation company’s stock after selling 3,034 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Knight-Swift Transportation were worth $601,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Stanley Laman Group Ltd. acquired a new position in shares of Knight-Swift Transportation in the fourth quarter valued at about $3,021,000. Jane Street Group LLC raised its position 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 worth $3,771,000 after buying an additional 16,500 shares during the last quarter. Paloma Partners Management Co lifted its stake in Knight-Swift Transportation by 681.6% during 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 period. BNP Paribas Financial Markets lifted its stake in Knight-Swift Transportation by 116.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company’s stock valued at $7,056,000 after acquiring an additional 70,276 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Knight-Swift Transportation by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company’s stock worth $62,340,000 after acquiring an additional 28,387 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Douglas L. Col acquired 5,000 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $226,850. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX opened at $43.54 on Monday. 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 Holdings Inc. has a 1 year low of $42.72 and a 1 year high of $61.51. The firm has a market capitalization of $7.05 billion, a PE ratio of 59.65 and a beta of 0.97. The business’s 50 day moving average price is $51.22 and its 200-day moving average price is $53.16.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were issued a dividend of $0.18 per share. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Friday, March 7th. Knight-Swift Transportation’s payout ratio is currently 98.63%.

Wall Street Analyst Weigh In

Several research firms have commented on KNX. Wells Fargo & Company lowered their price target on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday. TD Cowen raised their target price on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Benchmark initiated coverage on Knight-Swift Transportation in a report on Tuesday, March 4th. They issued a “buy” rating and a $63.00 price target for the company. Susquehanna dropped their price objective on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating on the stock in a research note on Wednesday, March 26th. Finally, StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.59.

Knight-Swift Transportation 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.