Quantinno Capital Management LP Grows Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Quantinno Capital Management LP grew its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 43.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,992 shares of the transportation company's stock after buying an additional 24,356 shares during the quarter. Quantinno Capital Management LP owned 0.05% of Knight-Swift Transportation worth $4,370,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KNX. Deseret Mutual Benefit Administrators raised its position in Knight-Swift Transportation by 87.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company's stock worth $40,000 after acquiring an additional 348 shares during the period. Brown Brothers Harriman & Co. raised its holdings in shares of Knight-Swift Transportation by 28.6% during the second 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 last quarter. Blue Trust Inc. lifted its position in shares of Knight-Swift Transportation by 168.3% in the second quarter. Blue Trust Inc. now owns 923 shares of the transportation company's stock valued at $51,000 after acquiring an additional 579 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Knight-Swift Transportation by 36.6% in the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company's stock worth $61,000 after acquiring an additional 302 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Knight-Swift Transportation by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock valued at $62,000 after purchasing an additional 292 shares during the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Down 1.0 %

KNX traded down $0.55 during trading hours on Friday, hitting $55.50. 1,363,771 shares of the company's stock were exchanged, compared to its average volume of 1,855,664. 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 Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $60.99. The firm has a market cap of $8.98 billion, a P/E ratio of 241.31, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. The firm has a 50 day moving average of $54.60 and a 200 day moving average of $51.97.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm 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 for the quarter was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. Analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be paid 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 currently 278.27%.

Insider Activity at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 29,779 shares of the firm's stock in a transaction dated 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 accessible through the SEC website. Also, Director Ploeg David Vander sold 500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 30,729 shares of the company's stock, valued at $1,754,625.90. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KNX shares. Bank of America increased their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Citigroup lowered 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 research note on Tuesday, November 12th. Susquehanna increased their price target on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a "neutral" rating in a report on Thursday, September 26th. The Goldman Sachs Group lowered their price objective on 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. Finally, Evercore ISI raised their target price on 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Knight-Swift Transportation has a consensus rating of "Hold" and an average target price of $56.38.

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.