Bank of Montreal Can Acquires 52,309 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Bank of Montreal Can lifted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 180.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,266 shares of the transportation company's stock after buying an additional 52,309 shares during the period. Bank of Montreal Can owned about 0.05% of Knight-Swift Transportation worth $4,392,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its position in Knight-Swift Transportation by 50.7% during the second 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 in the last quarter. DNB Asset Management AS raised its holdings in shares of Knight-Swift Transportation by 8.2% in the 2nd quarter. DNB Asset Management AS now owns 28,299 shares of the transportation company's stock valued at $1,413,000 after purchasing an additional 2,138 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in Knight-Swift Transportation by 2.5% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 19,936 shares of the transportation company's stock valued at $995,000 after acquiring an additional 481 shares during the period. Country Trust Bank increased its holdings in shares of Knight-Swift Transportation by 2.0% during the second quarter. Country Trust Bank now owns 591,808 shares of the transportation company's stock worth $29,543,000 after purchasing an additional 11,781 shares during the period. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Knight-Swift Transportation by 9.0% during the second quarter. Wedge Capital Management L L P NC now owns 263,033 shares of the transportation company's stock worth $13,131,000 after purchasing an additional 21,689 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Insider Transactions at Knight-Swift Transportation

In other news, Director Ploeg David Vander sold 500 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares in the company, valued at $1,754,625.90. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the company's stock in a transaction on 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 owned by corporate insiders.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX traded down $0.08 during trading on Wednesday, reaching $56.68. The stock had a trading volume of 1,650,012 shares, compared to its average volume of 2,054,721. The stock has a market cap of $9.18 billion, a PE ratio of 246.45, a P/E/G ratio of 2.00 and a beta of 0.96. The firm's 50 day moving average price is $54.50 and its two-hundred day moving average price is $51.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $60.99.

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

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 6th will be paid a $0.16 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.13%. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 278.27%.

Analyst Ratings Changes

KNX has been the subject of a number of analyst reports. Raymond James lifted their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research note on Monday, October 14th. Bank of America boosted 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. Stifel Nicolaus upped their target price on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a "hold" rating in a report on Friday, October 25th. The Goldman Sachs Group cut their price target on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Finally, Citigroup lowered shares of Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 target price on the stock. in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Knight-Swift Transportation has a consensus rating of "Hold" and an average price target of $56.38.

Knight-Swift Transportation 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.