Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 116.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,794 shares of the transportation company's stock after purchasing an additional 70,276 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Knight-Swift Transportation worth $7,056,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KNX. Versant Capital Management Inc increased its position in 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 valued at $37,000 after acquiring an additional 727 shares during the last quarter. Deseret Mutual Benefit Administrators increased its stake in Knight-Swift Transportation by 87.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company's stock worth $40,000 after buying an additional 348 shares during the period. Brown Brothers Harriman & Co. boosted its position in Knight-Swift Transportation by 28.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company's stock valued at $45,000 after buying an additional 200 shares during the period. Blue Trust Inc. grew its stake in Knight-Swift Transportation by 168.3% in the 2nd quarter. Blue Trust Inc. now owns 923 shares of the transportation company's stock worth $51,000 after acquiring an additional 579 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of 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 acquiring an additional 343 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.

Wall Street Analyst Weigh In

KNX has been the subject of a number of research reports. Morgan Stanley lowered their price target on Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, October 24th. The Goldman Sachs Group cut their target price on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus increased their target price on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Citigroup downgraded shares of Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 target price for the company. in a report on Tuesday, November 12th. Finally, TD Cowen upped their target price on Knight-Swift Transportation from $55.00 to $56.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $56.38.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 29,779 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, November 14th. The stock was 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 approximately $1,754,625.90. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Knight-Swift Transportation Trading Down 2.4 %

Shares of Knight-Swift Transportation stock traded down $1.43 during trading hours on Tuesday, hitting $57.04. The company's stock had a trading volume of 888,156 shares, compared to its average volume of 2,053,279. The firm has a fifty day moving average of $54.37 and a 200-day moving average of $51.77. The stock has a market cap of $9.23 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 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.

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

Knight-Swift Transportation Announces Dividend

The business also recently disclosed 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. This represents a $0.64 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, December 6th. Knight-Swift Transportation's payout ratio is presently 278.27%.

About Knight-Swift Transportation

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.