Thrivent Financial for Lutherans Trims Stake in Knight-Swift Transportation Holdings Inc. $KNX

Thrivent Financial for Lutherans lowered its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 96.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,249 shares of the transportation company’s stock after selling 996,617 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Knight-Swift Transportation were worth $2,104,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in shares of Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after buying an additional 267 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Knight-Swift Transportation by 1,478.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after buying an additional 828 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Knight-Swift Transportation by 54.2% in the 4th quarter. Farther Finance Advisors LLC now owns 956 shares of the transportation company’s stock valued at $50,000 after buying an additional 336 shares during the period. MMA Asset Management LLC purchased a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at $41,000. Finally, GAMMA Investing LLC raised its holdings in shares of Knight-Swift Transportation by 20.4% in the 4th quarter. GAMMA Investing LLC now owns 2,495 shares of the transportation company’s stock valued at $130,000 after buying an additional 422 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KNX. Wells Fargo & Company boosted their price objective on Knight-Swift Transportation from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Stifel Nicolaus boosted their price objective on Knight-Swift Transportation from $63.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Benchmark boosted their price objective on Knight-Swift Transportation from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Citigroup upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Friday, March 13th. Finally, UBS Group boosted their price objective on Knight-Swift Transportation from $66.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.71.

Insider Activity

In other news, CFO Joshua Smith sold 5,770 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $60.91, for a total transaction of $351,450.70. Following the completion of the transaction, the chief financial officer directly owned 9,214 shares of the company’s stock, valued at approximately $561,224.74. This represents a 38.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.90% of the company’s stock.

Knight-Swift Transportation Trading Up 4.0%

KNX opened at $72.95 on Wednesday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $38.63 and a 12 month high of $73.36. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 347.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70. The business has a fifty day moving average price of $61.93 and a 200 day moving average price of $56.73.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.20). The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.85 billion. Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 earnings per share. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.12 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio is currently 380.95%.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.