Jane Street Group LLC Grows Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Jane Street Group LLC increased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 30.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 69,907 shares of the transportation company's stock after purchasing an additional 16,500 shares during the period. Jane Street Group LLC's holdings in Knight-Swift Transportation were worth $3,771,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators increased its stake in Knight-Swift Transportation by 87.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company's stock valued at $40,000 after purchasing an additional 348 shares during the period. Brown Brothers Harriman & Co. increased 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 acquiring an additional 200 shares during the period. Blue Trust Inc. raised its stake in Knight-Swift Transportation by 168.3% during the 2nd quarter. Blue Trust Inc. now owns 923 shares of the transportation company's stock valued at $51,000 after acquiring an additional 579 shares during the last quarter. GAMMA Investing LLC raised its stake in Knight-Swift Transportation by 36.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company's stock valued at $61,000 after acquiring an additional 302 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Knight-Swift Transportation by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock worth $62,000 after acquiring an additional 292 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 document filed with the SEC, which is available at this link. Also, Director Ploeg David Vander sold 500 shares of the firm's stock in a transaction 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 sale, the director now owns 30,729 shares in the company, valued at $1,754,625.90. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Raymond James upped their price target on 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. Barclays upped their price objective on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Citigroup downgraded 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. Evercore ISI increased 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 report on Thursday, October 24th. Finally, Stifel Nicolaus raised their price objective on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Two equities 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $57.00.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock traded down $0.20 on Thursday, hitting $52.28. The company's stock had a trading volume of 2,044,626 shares, compared to its average volume of 2,036,535. The company has a market capitalization of $8.46 billion, a P/E ratio of 227.31, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $60.99. The firm has a fifty day moving average price of $55.22 and a 200-day moving average price of $52.42. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly 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 net margin of 0.50% and a return on equity of 1.81%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company's revenue for the quarter was down 7.1% compared to the same quarter last year. On average, equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 6th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.22%. Knight-Swift Transportation's dividend payout ratio (DPR) is 278.26%.

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.