Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. trimmed its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,533 shares of the transportation company’s stock after selling 1,473 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Knight-Swift Transportation were worth $2,521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its holdings in Knight-Swift Transportation by 88.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after buying an additional 322 shares in the last quarter. UMB Bank n.a. increased its position in shares of Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after purchasing an additional 370 shares in the last quarter. Quarry LP raised its stake in Knight-Swift Transportation by 71.1% in the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 499 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 213 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Knight-Swift Transportation by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after buying an additional 208 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Knight-Swift Transportation

In related news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $226,850. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $45.06 on Thursday. The firm’s fifty day simple moving average is $50.56 and its 200-day simple moving average is $52.98. Knight-Swift Transportation Holdings Inc. has a 12 month low of $42.34 and a 12 month high of $61.51. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 61.73 and a beta of 0.97. 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 (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 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%. As a group, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a $0.18 dividend. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, March 7th. Knight-Swift Transportation’s payout ratio is currently 98.63%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KNX shares. TD Cowen increased their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Raymond James increased their target price on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company reduced 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 research report on Thursday, March 27th. Finally, The Goldman Sachs Group lifted their target price on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.24.

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.