Shelton Capital Management lowered its stake in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 7.4{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,159 shares of the transportation company’s stock after selling 571 shares during the quarter. Shelton Capital Management’s holdings in Knight-Swift Transportation were worth $299,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CSat Investment Advisory L.P. boosted its stake in shares of Knight-Swift Transportation by 20.6{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} during the 1st quarter. CSat Investment Advisory L.P. now owns 1,605 shares of the transportation company’s stock worth $53,000 after acquiring an additional 274 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Knight-Swift Transportation by 1.9{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,889 shares of the transportation company’s stock worth $521,000 after acquiring an additional 300 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Knight-Swift Transportation by 0.5{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} during the 1st quarter. Asset Management One Co. Ltd. now owns 64,604 shares of the transportation company’s stock worth $2,122,000 after acquiring an additional 327 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Knight-Swift Transportation by 19.3{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} during the 2nd quarter. Fifth Third Bancorp now owns 2,386 shares of the transportation company’s stock worth $100,000 after acquiring an additional 386 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Knight-Swift Transportation by 1.4{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} during the 2nd quarter. Arizona State Retirement System now owns 29,851 shares of the transportation company’s stock worth $1,245,000 after acquiring an additional 398 shares during the last quarter. Institutional investors own 85.50{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} of the company’s stock.

In related news, major shareholder Lyndee Moyes Nester sold 37,136 shares of Knight-Swift Transportation stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $47.04, for a total transaction of $1,746,877.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Kevin P. Knight sold 100,000 shares of Knight-Swift Transportation stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $42.24, for a total transaction of $4,224,000.00. Following the transaction, the chairman now directly owns 3,317 shares of the company’s stock, valued at $140,110.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 347,847 shares of company stock worth $15,356,381. Insiders own 27.50{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} of the company’s stock.

NYSE KNX traded down $0.07 on Friday, reaching $45.95. The company had a trading volume of 1,100,370 shares, compared to its average volume of 1,785,374. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $7.83 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.34. The firm’s 50 day moving average price is $44.31 and its 200 day moving average price is $38.83. Knight-Swift Transportation Holdings Inc has a 12 month low of $27.54 and a 12 month high of $47.39.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.22. Knight-Swift Transportation had a net margin of 6.28{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} and a return on equity of 6.14{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446}. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, research analysts expect that Knight-Swift Transportation Holdings Inc will post 2.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.70{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446}. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 14.75{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446}.

Several brokerages have recently weighed in on KNX. Morgan Stanley lifted their price target on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Knight Equity raised their price objective on shares of Knight-Swift Transportation from $56.00 to $60.00 and gave the company a “positive” rating 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. Citigroup raised their price objective on shares of Knight-Swift Transportation from $41.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, Barclays raised their price objective on shares of Knight-Swift Transportation from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Three research 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 stock presently has a consensus rating of “Buy” and a consensus price target of $48.47.

Knight-Swift Transportation 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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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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