SG Americas Securities LLC Sells 10,219 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

SG Americas Securities LLC lowered its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 83.5% during the 4th quarter, HoldingsChannel reports. The firm owned 2,024 shares of the transportation company’s stock after selling 10,219 shares during the period. SG Americas Securities LLC’s holdings in Knight-Swift Transportation were worth $107,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KNX. Deseret Mutual Benefit Administrators grew its position in Knight-Swift Transportation by 87.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after buying an additional 348 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 370 shares during 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 in the last quarter. Venturi Wealth Management LLC increased its position 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 worth $62,000 after purchasing an additional 292 shares during the last quarter. Finally, Quarry LP raised its stake in Knight-Swift Transportation by 71.1% in the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 499 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

NYSE:KNX opened at $53.94 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $61.51. The firm has a market cap of $8.73 billion, a PE ratio of 73.89 and a beta of 0.99. The business has a 50 day moving average price of $55.00 and a 200-day moving average price of $54.03.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share 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 predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KNX shares. The Goldman Sachs Group boosted their price target on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Bank of America upped their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Evercore ISI raised their price target on Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their price target on Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, TD Cowen increased their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average price target of $59.38.

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.