Fiera Capital Corp Cuts Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Fiera Capital Corp lowered its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 391,237 shares of the transportation company's stock after selling 13,115 shares during the period. Fiera Capital Corp owned about 0.24% of Knight-Swift Transportation worth $21,107,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Interval Partners LP lifted its position 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 during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Knight-Swift Transportation by 1,728.8% in the second quarter. Thrivent Financial for Lutherans now owns 1,330,934 shares of the transportation company's stock worth $66,440,000 after buying an additional 1,258,157 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Knight-Swift Transportation by 27.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company's stock worth $271,121,000 after buying an additional 1,176,069 shares during the last quarter. Millennium Management LLC boosted its position in shares of Knight-Swift Transportation by 309.7% in the second quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company's stock worth $53,331,000 after purchasing an additional 807,572 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Knight-Swift Transportation by 10.9% in the second quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company's stock worth $379,133,000 after purchasing an additional 744,412 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.

Insider Activity at Knight-Swift Transportation

In related news, Director Robert E. Synowicki, Jr. sold 2,500 shares of Knight-Swift Transportation stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.32, for a total value of $133,300.00. Following the sale, the director now owns 21,833 shares of the company's stock, valued at approximately $1,164,135.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Knight-Swift Transportation news, Director Michael Garnreiter sold 2,000 shares of Knight-Swift Transportation stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the sale, the director now owns 17,648 shares of the company's stock, valued at $892,459.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of Knight-Swift Transportation stock in a transaction on Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the sale, the director now directly owns 21,833 shares in the company, valued at approximately $1,164,135.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX traded up $2.12 during trading on Friday, hitting $59.60. 3,051,749 shares of the stock traded hands, compared to its average volume of 2,069,639. 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 company has a market cap of $9.65 billion, a price-to-earnings ratio of 259.13, a P/E/G ratio of 2.10 and a beta of 0.93. The company has a fifty day moving average price of $52.57 and a two-hundred day moving average price of $50.69. 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 posted its earnings results 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 firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.91 billion. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The business's quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. As a group, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current year.

Wall Street Analysts Forecast Growth

KNX has been the subject of a number of research reports. Citigroup initiated coverage on shares of Knight-Swift Transportation in a research report on Wednesday, October 9th. They set a "neutral" rating and a $55.00 target price for the company. The Goldman Sachs Group reduced 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 note on Wednesday, October 9th. 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 note on Monday, October 14th. JPMorgan Chase & Co. upped their price target on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a "neutral" rating in a report on Thursday, July 25th. Finally, Morgan Stanley dropped their target price on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.94.

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.