Glen Harbor Capital Management LLC trimmed its stake in Knight-Swift (NYSE:KNX) by 0.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 536,284 shares of the transportation company’s stock after selling 4,004 shares during the period. Glen Harbor Capital Management LLC owned approximately 0.30% of Knight-Swift worth $24,674,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Knight-Swift by 17.6% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 56,209 shares of the transportation company’s stock valued at $2,457,000 after purchasing an additional 8,400 shares during the last quarter. State of Tennessee Treasury Department bought a new stake in shares of Knight-Swift in the 4th quarter valued at approximately $4,809,000. Swiss National Bank lifted its stake in shares of Knight-Swift by 8.8% during the 4th quarter. Swiss National Bank now owns 490,696 shares of the transportation company’s stock worth $21,453,000 after acquiring an additional 39,500 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Knight-Swift during the 4th quarter worth approximately $10,345,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Knight-Swift by 127.4% during the 4th quarter. Wells Fargo & Company MN now owns 236,727 shares of the transportation company’s stock worth $10,350,000 after acquiring an additional 132,630 shares during the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.

In other news, insider Kevin P. Knight sold 69,217 shares of Knight-Swift stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $40.04, for a total value of $2,771,448.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kathryn L. Munro sold 5,069 shares of Knight-Swift stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $39.27, for a total value of $199,059.63. The disclosure for this sale can be found here. Company insiders own 27.50% of the company’s stock.

KNX has been the subject of a number of research analyst reports. Barclays raised Knight-Swift from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $47.00 to $50.00 in a research note on Thursday, February 1st. ValuEngine raised Knight-Swift from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered Knight-Swift from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Morgan Stanley raised their price target on Knight-Swift from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, UBS raised their price target on Knight-Swift from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Knight-Swift presently has a consensus rating of “Buy” and a consensus target price of $52.22.

Knight-Swift opened at $40.63 on Monday, according to Marketbeat. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.19 and a beta of 1.72. Knight-Swift has a 52 week low of $31.15 and a 52 week high of $51.94. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11.

Knight-Swift (NYSE:KNX) last released its quarterly earnings data on Wednesday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.30 billion. Knight-Swift had a return on equity of 5.75% and a net margin of 13.22%. Knight-Swift’s quarterly revenue was up 368.7% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. equities research analysts forecast that Knight-Swift will post 2.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Friday, June 1st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.24 annualized dividend and a yield of 0.59%. Knight-Swift’s payout ratio is currently 17.39%.

About Knight-Swift

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.

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Institutional Ownership by Quarter for Knight-Swift (NYSE:KNX)

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