Long Road Investment Counsel LLC Sells 500 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Long Road Investment Counsel LLC lessened its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 6.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,505 shares of the transportation company’s stock after selling 500 shares during the period. Long Road Investment Counsel LLC’s holdings in Knight-Swift Transportation were worth $398,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Franklin Resources Inc. acquired a new position in shares of Knight-Swift Transportation during the third quarter valued at $70,185,000. Victory Capital Management Inc. increased its holdings in shares of Knight-Swift Transportation by 6.8% in the fourth quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company’s stock worth $423,265,000 after acquiring an additional 506,491 shares in the last quarter. Nuance Investments LLC grew its holdings in shares of Knight-Swift Transportation by 74.5% during the third quarter. Nuance Investments LLC now owns 929,083 shares of the transportation company’s stock worth $50,124,000 after buying an additional 396,607 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Knight-Swift Transportation by 34.1% during the third 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 buying an additional 359,566 shares in the last quarter. Finally, WCM Investment Management LLC bought a new position in shares of Knight-Swift Transportation during the fourth quarter worth about $16,256,000. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Up 1.2 %

Shares of KNX opened at $47.06 on Tuesday. The company has a market capitalization of $7.62 billion, a PE ratio of 64.46 and a beta of 0.97. Knight-Swift Transportation Holdings Inc. has a 12 month low of $44.95 and a 12 month high of $61.51. The stock’s 50-day moving average price is $52.97 and its two-hundred day moving average price is $53.58. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last announced 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 return on equity of 2.43% and a net margin of 1.59%. On average, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be paid a dividend of $0.18 per share. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio is 98.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Raymond James raised their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Citigroup raised Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price target for the company in a report on Monday, March 10th. Bank of America lifted their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. TD Cowen lifted their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.41.

Insider Buying and Selling

In related news, Director Douglas L. Col acquired 5,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, with a total value of $226,850.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $226,850. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by company insiders.

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.