Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 24.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,036,790 shares of the transportation company's stock after purchasing an additional 204,228 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.64% of Knight-Swift Transportation worth $55,935,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Deseret Mutual Benefit Administrators grew its stake in Knight-Swift Transportation by 87.2% during the 3rd 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 in the last quarter. Brown Brothers Harriman & Co. grew its stake in Knight-Swift Transportation by 28.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company's stock valued at $45,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. grew 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 purchasing an additional 579 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Knight-Swift Transportation by 50.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company's stock valued at $51,000 after purchasing an additional 343 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Knight-Swift Transportation by 36.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company's stock worth $61,000 after acquiring an additional 302 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Knight-Swift Transportation

In related news, 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 value of $28,550.00. Following the transaction, the director now directly owns 30,729 shares in the company, valued at $1,754,625.90. The trade was a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Kevin P. Knight sold 29,779 shares of Knight-Swift Transportation stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

Knight-Swift Transportation Price Performance

Shares of KNX traded down $0.60 during midday trading on Wednesday, reaching $56.16. The stock had a trading volume of 948,894 shares, compared to its average volume of 2,051,647. 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 current ratio of 1.01 and a quick ratio of 1.01. The firm's 50 day moving average price is $54.43 and its 200-day moving average price is $51.82. The company has a market capitalization of $9.09 billion, a P/E ratio of 246.88, a P/E/G ratio of 2.00 and a beta of 0.96.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping analysts' consensus estimates 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 in the previous year, the business earned $0.41 EPS. The company's quarterly revenue was down 7.1% compared to the same quarter last year. On average, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

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 paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, December 6th. Knight-Swift Transportation's dividend payout ratio is presently 278.27%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays lifted their target price 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. TD Cowen lifted their target price on Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Evercore ISI boosted their price objective on Knight-Swift Transportation from $49.00 to $52.00 and gave the company an "in-line" rating in a research report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Finally, Morgan Stanley reduced 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of "Hold" and an average price target 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.