Atom Investors LP lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 32.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,941 shares of the transportation company's stock after selling 21,059 shares during the quarter. Atom Investors LP's holdings in Knight-Swift Transportation were worth $2,371,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of KNX. Versant Capital Management Inc boosted its holdings in shares of Knight-Swift Transportation by 3,461.9% during the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company's stock worth $37,000 after purchasing an additional 727 shares during the last quarter. Deseret Mutual Benefit Administrators increased 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 purchasing an additional 348 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in Knight-Swift Transportation by 28.6% during the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company's stock worth $45,000 after purchasing an additional 200 shares during the period. Blue Trust Inc. grew its stake in shares of Knight-Swift Transportation by 168.3% during the 2nd quarter. Blue Trust Inc. now owns 923 shares of the transportation company's stock valued at $51,000 after buying an additional 579 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Knight-Swift Transportation by 50.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company's stock worth $51,000 after buying an additional 343 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.
Knight-Swift Transportation Price Performance
NYSE:KNX traded down $1.58 during midday trading on Tuesday, hitting $56.89. 528,209 shares of the stock were exchanged, compared to its average volume of 2,051,844. The business has a 50-day moving average price of $54.37 and a two-hundred day moving average price of $51.77. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 254.14, a P/E/G ratio of 2.03 and a beta of 0.96. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $60.99. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31.
Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the business posted $0.41 EPS. The company's revenue was down 7.1% on a year-over-year basis. Sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current year.
Knight-Swift Transportation Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, December 6th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 278.27%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Bank of America increased their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their price target on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Raymond James increased 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, Susquehanna raised their price objective on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of "Hold" and a consensus price target of $56.38.
View Our Latest Research Report on Knight-Swift Transportation
Insider Activity at Knight-Swift Transportation
In related news, Director Ploeg David Vander sold 500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the transaction, the director now directly owns 30,729 shares in the company, valued at $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Kevin P. Knight sold 29,779 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.
Knight-Swift Transportation Company Profile
(
Free Report)
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.
Further Reading
![Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=KNX)
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