Fortitude Family Office LLC Has $13.11 Million Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Fortitude Family Office LLC lessened its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 50.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 247,224 shares of the transportation company’s stock after selling 249,072 shares during the quarter. Knight-Swift Transportation comprises 4.7% of Fortitude Family Office LLC’s portfolio, making the stock its 4th biggest holding. Fortitude Family Office LLC’s holdings in Knight-Swift Transportation were worth $13,113,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KNX. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Knight-Swift Transportation during the 3rd quarter valued at about $3,729,000. Charles Schwab Investment Management Inc. boosted its stake in Knight-Swift Transportation by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock valued at $61,878,000 after buying an additional 26,346 shares during the last quarter. Jane Street Group LLC grew its holdings 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 valued at $3,771,000 after buying an additional 16,500 shares in the last quarter. Paloma Partners Management Co increased its stake in Knight-Swift Transportation by 681.6% in the 3rd quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock worth $3,237,000 after acquiring an additional 52,323 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of 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 worth $7,056,000 after acquiring an additional 70,276 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $53.94 on Friday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week high of $60.99. The company has a market capitalization of $8.73 billion, a PE ratio of 234.53, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98. The stock’s fifty day moving average is $55.52 and its two-hundred day moving average is $52.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. As a group, analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 6th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio is presently 278.26%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KNX shares. Barclays raised their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. The Goldman Sachs Group increased their price objective on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Bank of America reduced their target price on shares of Knight-Swift Transportation from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. Stifel Nicolaus increased their price target 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. Finally, Morgan Stanley reduced their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average price target of $58.19.

Insider Activity at Knight-Swift Transportation

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

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.