Mutual of America Capital Management LLC Sells 11,908 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Mutual of America Capital Management LLC cut its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNXFree Report) by 10.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 104,881 shares of the transportation company’s stock after selling 11,908 shares during the period. Mutual of America Capital Management LLC owned about 0.07% of Knight-Swift Transportation worth $5,260,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Knight-Swift Transportation by 8.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the transportation company’s stock valued at $131,000 after acquiring an additional 190 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Knight-Swift Transportation by 25.0% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 200 shares during the period. Private Advisor Group LLC grew its position in shares of Knight-Swift Transportation by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 7,542 shares of the transportation company’s stock valued at $378,000 after acquiring an additional 207 shares during the period. Belpointe Asset Management LLC grew its position in shares of Knight-Swift Transportation by 21.8% during the 1st quarter. Belpointe Asset Management LLC now owns 1,285 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 230 shares during the period. Finally, Pathstone Family Office LLC boosted its holdings in Knight-Swift Transportation by 4.8% in the 4th quarter. Pathstone Family Office LLC now owns 5,795 shares of the transportation company’s stock worth $298,000 after buying an additional 266 shares during the period. Institutional investors own 87.88% of the company’s stock.

Insider Activity

In other news, EVP James L. Fitzsimmons sold 2,664 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $53.73, for a total transaction of $143,136.72. Following the transaction, the executive vice president now directly owns 4,632 shares in the company, valued at $248,877.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Knight-Swift Transportation news, EVP Timothy Sean Harrington sold 1,200 shares of Knight-Swift Transportation stock in a transaction on Friday, November 17th. The shares were sold at an average price of $52.00, for a total value of $62,400.00. Following the transaction, the executive vice president now directly owns 5,278 shares of the company’s stock, valued at $274,456. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James L. Fitzsimmons sold 2,664 shares of Knight-Swift Transportation stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $53.73, for a total transaction of $143,136.72. Following the sale, the executive vice president now owns 4,632 shares of the company’s stock, valued at $248,877.36. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

Knight-Swift Transportation Price Performance

Shares of KNX stock opened at $59.79 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 1.02. The company’s 50-day simple moving average is $57.24 and its two-hundred day simple moving average is $54.37. Knight-Swift Transportation Holdings Inc. has a one year low of $45.73 and a one year high of $60.99. The company has a market capitalization of $9.65 billion, a P/E ratio of 44.96, a P/E/G ratio of 1.58 and a beta of 1.01.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Friday, March 8th will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.07%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 42.11%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KNX shares. TD Cowen upped their target price on shares of Knight-Swift Transportation from $58.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, November 29th. JPMorgan Chase & Co. raised shares of Knight-Swift Transportation from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $54.00 to $57.00 in a report on Friday, October 20th. TheStreet raised shares of Knight-Swift Transportation from a “c+” rating to a “b-” rating in a report on Monday, December 4th. Morgan Stanley boosted their price target on shares of Knight-Swift Transportation from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Finally, Stifel Nicolaus boosted their price target on shares of Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $63.00.

Check Out Our Latest Stock Analysis on Knight-Swift Transportation

About Knight-Swift Transportation

(Free Report)

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 transportations services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.

See Also

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

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