Wedge Capital Management L L P NC Sells 19,673 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Wedge Capital Management L L P NC reduced its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 210,396 shares of the transportation company’s stock after selling 19,673 shares during the period. Wedge Capital Management L L P NC’s holdings in Knight-Swift Transportation were worth $11,159,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators increased its stake in Knight-Swift Transportation by 87.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock valued at $40,000 after buying an additional 348 shares during the last quarter. GAMMA Investing LLC increased its stake in Knight-Swift Transportation by 36.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock valued at $61,000 after buying an additional 302 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Knight-Swift Transportation by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock valued at $62,000 after buying an additional 292 shares during the last quarter. Quarry LP increased 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 buying an additional 499 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Knight-Swift Transportation in the 3rd quarter valued at $88,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $54.87 on Friday. The company has a 50 day moving average of $55.39 and a 200-day moving average of $53.25. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $60.99. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. The company has a market cap of $8.88 billion, a PE ratio of 238.55, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $1.88 billion during 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 firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. As a group, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.04 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio is 278.27%.

Insider Buying and Selling

In related news, Director Ploeg David Vander sold 500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the transaction, the director now directly owns 30,729 shares in the company, valued at $1,754,625.90. This represents a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on KNX shares. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and lifted their price target for the company from $48.00 to $67.00 in a research note on Friday, January 3rd. The Goldman Sachs Group upped their price target on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Citigroup lowered shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a research note on Tuesday, November 12th. Evercore ISI boosted their price objective on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus boosted their price objective 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. Two analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.56.

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.