Keybank National Association OH lessened its position in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 8.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,615 shares of the transportation company’s stock after selling 1,706 shares during the quarter. Keybank National Association OH’s holdings in Knight-Swift Transportation were worth $818,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of KNX. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Knight-Swift Transportation by 3.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 579,723 shares of the transportation company’s stock worth $19,015,000 after acquiring an additional 22,010 shares in the last quarter. BBVA USA Bancshares Inc. purchased a new position in Knight-Swift Transportation during the first quarter valued at $241,000. Texas Permanent School Fund raised its position in shares of Knight-Swift Transportation by 24.5% in the first quarter. Texas Permanent School Fund now owns 104,623 shares of the transportation company’s stock valued at $3,432,000 after buying an additional 20,582 shares during the last quarter. Calamos Advisors LLC acquired a new stake in shares of Knight-Swift Transportation in the first quarter valued at about $2,669,000. Finally, Dupont Capital Management Corp acquired a new stake in shares of Knight-Swift Transportation in the first quarter valued at about $104,000. Hedge funds and other institutional investors own 85.50% of the company’s stock.
In related news, VP Michael K. Liu sold 1,840 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $40.69, for a total value of $74,869.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Wayne Yu sold 1,085 shares of Knight-Swift Transportation stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $41.55, for a total transaction of $45,081.75. Following the completion of the transaction, the chief accounting officer now owns 17,630 shares of the company’s stock, valued at approximately $732,526.50. The disclosure for this sale can be found here. In the last three months, insiders sold 347,647 shares of company stock valued at $15,346,979. Insiders own 4.30% of the company’s stock.
NYSE KNX opened at $46.00 on Wednesday. The firm has a 50 day simple moving average of $44.16 and a 200-day simple moving average of $38.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.85. Knight-Swift Transportation Holdings Inc has a one year low of $27.54 and a one year high of $47.39. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.40 and a beta of 1.34.
Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.22. Knight-Swift Transportation had a net margin of 6.28% and a return on equity of 6.14%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Equities analysts predict that Knight-Swift Transportation Holdings Inc will post 2.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, September 3rd. Knight-Swift Transportation’s payout ratio is 14.75%.
A number of brokerages have recently commented on KNX. Loop Capital increased their target price on shares of Knight-Swift Transportation from $46.00 to $49.00 in a research report on Tuesday, June 23rd. Zacks Investment Research upgraded shares of Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research report on Monday, July 27th. Deutsche Bank raised their price objective on shares of Knight-Swift Transportation from $45.00 to $59.00 in a research report on Thursday, July 23rd. Stifel Nicolaus raised their price objective on shares of Knight-Swift Transportation from $40.00 to $45.00 in a research report on Thursday, July 23rd. Finally, KeyCorp raised their price objective on shares of Knight-Swift Transportation from $47.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $48.47.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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