Meadow Creek Investment Management LLC trimmed its position in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 5.0% in the fourth quarter, HoldingsChannel reports. The firm owned 424,512 shares of the transportation company’s stock after selling 22,330 shares during the period. Meadow Creek Investment Management LLC’s holdings in Knight-Swift Transportation were worth $18,560,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of KNX. 1492 Capital Management LLC acquired a new position in Knight-Swift Transportation during the fourth quarter worth $3,516,000. Raymond James & Associates raised its stake in Knight-Swift Transportation by 3.0% during the fourth quarter. Raymond James & Associates now owns 36,323 shares of the transportation company’s stock worth $1,588,000 after acquiring an additional 1,061 shares in the last quarter. California State Teachers Retirement System raised its stake in Knight-Swift Transportation by 3.1% during the fourth quarter. California State Teachers Retirement System now owns 207,350 shares of the transportation company’s stock worth $9,065,000 after acquiring an additional 6,317 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in Knight-Swift Transportation during the fourth quarter worth $1,509,000. Finally, QS Investors LLC acquired a new position in Knight-Swift Transportation during the fourth quarter worth $6,348,000. Institutional investors and hedge funds own 80.52% of the company’s stock.
Knight-Swift Transportation Holdings Inc (NYSE KNX) opened at $49.20 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12. Knight-Swift Transportation Holdings Inc has a 1-year low of $26.68 and a 1-year high of $51.94. The stock has a market capitalization of $8,736.61, a PE ratio of 37.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.68.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, February 28th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 8.35%.
Several research analysts have issued reports on KNX shares. ValuEngine upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Knight Equity upgraded Knight-Swift Transportation to a “buy” rating in a research note on Sunday, November 26th. KeyCorp upgraded Knight-Swift Transportation from a “sector weight” rating to an “overweight” rating in a report on Tuesday, November 14th. Credit Suisse Group increased their target price on Knight-Swift Transportation from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Finally, Cowen increased their target price on Knight-Swift Transportation from $38.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.60.
TRADEMARK VIOLATION NOTICE: This news story was published by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3260026/meadow-creek-investment-management-llc-sells-22330-shares-of-knight-swift-transportation-holdings-inc-knx.html.
Knight-Swift Transportation Company Profile
Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.
Want to see what other hedge funds are holding KNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knight-Swift Transportation Holdings Inc (NYSE:KNX).
Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.