Amalgamated Bank Sells 23,413 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Amalgamated Bank decreased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 23.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,968 shares of the transportation company's stock after selling 23,413 shares during the quarter. Amalgamated Bank's holdings in Knight-Swift Transportation were worth $4,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KNX. Interval Partners LP boosted its stake in Knight-Swift Transportation by 8,520.1% during the 2nd quarter. Interval Partners LP now owns 1,293,011 shares of the transportation company's stock worth $64,547,000 after acquiring an additional 1,278,011 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Knight-Swift Transportation by 1,728.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,330,934 shares of the transportation company's stock worth $66,440,000 after buying an additional 1,258,157 shares during the period. Dimensional Fund Advisors LP raised its holdings in Knight-Swift Transportation by 27.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company's stock worth $271,121,000 after buying an additional 1,176,069 shares during the period. Millennium Management LLC raised its holdings in Knight-Swift Transportation by 309.7% during the 2nd quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company's stock worth $53,331,000 after buying an additional 807,572 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Knight-Swift Transportation by 10.9% in the second quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company's stock valued at $379,133,000 after purchasing an additional 744,412 shares during the last quarter. Institutional investors own 88.77% of the company's stock.

Insider Transactions at Knight-Swift Transportation

In other news, Director Michael Garnreiter sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total transaction of $101,140.00. Following the transaction, the director now directly owns 17,648 shares of the company's stock, valued at $892,459.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael Garnreiter sold 2,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total value of $101,140.00. Following the completion of the sale, the director now directly owns 17,648 shares of the company's stock, valued at approximately $892,459.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of the firm's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.32, for a total value of $133,300.00. Following the sale, the director now directly owns 21,833 shares of the company's stock, valued at approximately $1,164,135.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Trading Up 3.7 %

Shares of Knight-Swift Transportation stock traded up $2.12 on Friday, hitting $59.60. The stock had a trading volume of 3,051,749 shares, compared to its average volume of 2,069,639. The stock has a 50 day moving average of $52.57 and a 200 day moving average of $50.69. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $60.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $9.65 billion, a P/E ratio of 259.13, a PEG ratio of 2.10 and a beta of 0.93.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The business had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.91 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The firm's revenue was down 7.1% on a year-over-year basis. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KNX has been the subject of several analyst reports. Bank of America raised their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. TD Cowen lifted their price objective on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Citigroup began coverage on shares of Knight-Swift Transportation in a research report on Wednesday, October 9th. They set a "neutral" rating and a $55.00 price objective for the company. Raymond James lifted their price objective on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research report on Monday, October 14th. Finally, Morgan Stanley reduced their price objective on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $55.94.

Knight-Swift Transportation Company Profile

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.