iSAM Funds UK Ltd Invests $518,000 in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

iSAM Funds UK Ltd bought a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,599 shares of the transportation company's stock, valued at approximately $518,000.

A number of other institutional investors have also added to or reduced their stakes in KNX. Interval Partners LP boosted its holdings in shares of Knight-Swift Transportation by 8,520.1% in the 2nd quarter. Interval Partners LP now owns 1,293,011 shares of the transportation company's stock worth $64,547,000 after purchasing an additional 1,278,011 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Knight-Swift Transportation by 1,728.8% during the second quarter. Thrivent Financial for Lutherans now owns 1,330,934 shares of the transportation company's stock valued at $66,440,000 after acquiring an additional 1,258,157 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Knight-Swift Transportation by 27.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company's stock worth $271,121,000 after acquiring an additional 1,176,069 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Knight-Swift Transportation by 309.7% in the 2nd quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company's stock worth $53,331,000 after acquiring an additional 807,572 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Knight-Swift Transportation by 10.9% in the 2nd quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company's stock valued at $379,133,000 after purchasing an additional 744,412 shares in the last quarter. Institutional investors own 88.77% of the company's stock.

Insider Transactions at Knight-Swift Transportation

In related 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction 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 transaction, the director now directly owns 30,729 shares of the company's stock, 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. Insiders own 3.00% of the company's stock.

Knight-Swift Transportation Stock Down 1.0 %

KNX traded down $0.55 on Friday, hitting $55.50. The company had a trading volume of 1,363,771 shares, compared to its average volume of 1,855,664. The firm has a market capitalization of $8.98 billion, a P/E ratio of 241.31, a P/E/G ratio of 1.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a fifty day simple moving average of $54.60 and a 200-day simple moving average of $52.01. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $60.99.

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

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.15%. Knight-Swift Transportation's payout ratio is 278.27%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KNX shares. Evercore ISI boosted their price target on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an "in-line" rating in a research note on Thursday, October 24th. Raymond James boosted their target price on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research note on Monday, October 14th. Barclays raised their price target on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Morgan Stanley lowered their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. Finally, Bank of America raised their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $56.38.

Knight-Swift Transportation Company 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.