Hantz Financial Services Inc. Makes New $1.14 Million Investment in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Hantz Financial Services Inc. purchased a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,167 shares of the transportation company's stock, valued at approximately $1,142,000.

Other institutional investors also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Knight-Swift Transportation during the third quarter worth approximately $3,729,000. Charles Schwab Investment Management Inc. increased its stake in Knight-Swift Transportation by 2.4% during 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 increased its stake in Knight-Swift Transportation by 9.0% during 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 purchased a new stake in shares of Knight-Swift Transportation in the 1st quarter valued at $3,162,000. Finally, Principal Financial Group Inc. boosted its holdings 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 acquiring an additional 115,447 shares during the last quarter. Institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Down 1.5 %

Shares of NYSE:KNX traded down $0.91 during trading on Monday, hitting $58.45. 2,004,173 shares of the company were exchanged, compared to its average volume of 2,058,570. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 254.13, a P/E/G ratio of 2.03 and a beta of 0.93. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The firm has a fifty day moving average price of $54.37 and a two-hundred day moving average price of $51.77. 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 results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The company 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%. Knight-Swift Transportation's revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. As a group, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.09%. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 278.26%.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ploeg David Vander sold 500 shares of the stock in a transaction 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. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KNX. Raymond James increased their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Monday, October 14th. The Goldman Sachs Group lowered their price objective 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. Morgan Stanley decreased their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, October 24th. Stifel Nicolaus raised their price objective 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. Finally, Barclays lifted their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of "Hold" and a consensus target price 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.