Caisse DE Depot ET Placement DU Quebec Has $76.22 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Caisse DE Depot ET Placement DU Quebec boosted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 34.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,412,869 shares of the transportation company's stock after buying an additional 359,566 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.87% of Knight-Swift Transportation worth $76,224,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Knight-Swift Transportation in the 3rd quarter worth about $3,729,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Knight-Swift Transportation by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company's stock valued at $61,878,000 after purchasing an additional 26,346 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Knight-Swift Transportation by 9.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 263,033 shares of the transportation company's stock valued at $13,131,000 after purchasing an additional 21,689 shares in the last quarter. Swedbank AB acquired a new position in shares of Knight-Swift Transportation in the 1st quarter valued at about $3,162,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Knight-Swift Transportation by 21.5% in the 3rd quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock valued at $35,242,000 after purchasing an additional 115,447 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Performance

KNX stock traded up $0.27 during trading on Friday, reaching $59.36. 662,339 shares of the company's stock were exchanged, compared to its average volume of 1,988,246. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. The firm has a market cap of $9.61 billion, a PE ratio of 258.10, a P/E/G ratio of 2.03 and a beta of 0.93. The company's fifty day moving average price is $54.25 and its 200-day moving average price is $51.71. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $60.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.88 billion during 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%. The company's revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, December 6th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 278.27%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KNX shares. Barclays lifted their price objective on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Citigroup downgraded 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. Stifel Nicolaus raised their target price on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a "hold" rating in a report on Friday, October 25th. The Goldman Sachs Group dropped their target price on Knight-Swift Transportation from $48.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. Finally, Evercore ISI raised their target price on Knight-Swift Transportation from $49.00 to $52.00 and gave the company an "in-line" rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $56.38.

Insider Activity at Knight-Swift Transportation

In other news, Director Ploeg David Vander sold 500 shares of the company's stock in a transaction dated 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 approximately $1,754,625.90. This represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the company'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 owned by insiders.

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.