Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by Nuance Investments LLC

Nuance Investments LLC raised its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 74.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 929,083 shares of the transportation company's stock after acquiring an additional 396,607 shares during the period. Knight-Swift Transportation makes up approximately 1.7% of Nuance Investments LLC's holdings, making the stock its 18th biggest position. Nuance Investments LLC owned approximately 0.57% of Knight-Swift Transportation worth $50,124,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its stake in Knight-Swift Transportation by 0.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 24,633 shares of the transportation company's stock valued at $1,230,000 after purchasing an additional 196 shares during the period. United Services Automobile Association raised its position in shares of Knight-Swift Transportation by 1.6% during the 2nd quarter. United Services Automobile Association now owns 12,770 shares of the transportation company's stock valued at $637,000 after buying an additional 199 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Knight-Swift Transportation by 28.6% in the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company's stock worth $45,000 after acquiring an additional 200 shares in the last quarter. MQS Management LLC increased its stake in Knight-Swift Transportation by 3.7% during the second quarter. MQS Management LLC now owns 6,981 shares of the transportation company's stock worth $348,000 after acquiring an additional 250 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of 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 currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Susquehanna raised their price target on Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. increased their price objective on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th. TD Cowen raised their price objective on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Bank of America upped their target price on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Citigroup cut Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 target price for the company. in a report on Tuesday, November 12th. Two investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $56.38.

Knight-Swift Transportation Stock Performance

KNX stock traded down $0.49 during midday trading on Wednesday, reaching $56.00. The stock had a trading volume of 1,494,313 shares, compared to its average volume of 2,061,417. The firm has a fifty day simple moving average of $53.29 and a two-hundred day simple moving average of $51.19. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $60.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $9.07 billion, a PE ratio of 245.58, a P/E/G ratio of 1.90 and a beta of 0.93.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The firm's quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be paid 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 yield of 1.14%. Knight-Swift Transportation's dividend payout ratio is currently 278.27%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ploeg David Vander sold 500 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were 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 in the company, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

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.