Harel Insurance Investments & Financial Services Ltd. Has $70,000 Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Harel Insurance Investments & Financial Services Ltd. cut its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 18.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,317 shares of the transportation company’s stock after selling 305 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Knight-Swift Transportation were worth $70,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KNX. Deseret Mutual Benefit Administrators boosted its holdings in shares of Knight-Swift Transportation by 87.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after acquiring an additional 348 shares in the last quarter. UMB Bank n.a. boosted its stake in Knight-Swift Transportation by 84.3% in 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. GAMMA Investing LLC grew its holdings in shares of Knight-Swift Transportation by 36.6% during the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after purchasing an additional 302 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Knight-Swift Transportation by 34.2% in the third 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. Finally, Quarry LP lifted its position in Knight-Swift Transportation by 71.1% during the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock worth $65,000 after buying an additional 499 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $57.22 on Friday. The firm’s 50 day moving average is $55.31 and its 200-day moving average is $53.44. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $9.26 billion, a PE ratio of 78.38, a price-to-earnings-growth ratio of 1.02 and a beta of 0.98. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.11 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. Knight-Swift Transportation’s dividend payout ratio is 87.67%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. 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 report on Thursday, December 12th. Bank of America lifted their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Barclays increased their target price on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley reduced their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.38.

Insiders Place Their Bets

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

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.