Verition Fund Management LLC Has $5.92 Million Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Verition Fund Management LLC increased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 77.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 109,665 shares of the transportation company's stock after purchasing an additional 47,785 shares during the quarter. Verition Fund Management LLC owned approximately 0.07% of Knight-Swift Transportation worth $5,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings 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 buying an additional 744,412 shares during the last quarter. Dimensional Fund Advisors LP lifted its position 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 valued at $271,121,000 after acquiring an additional 1,176,069 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Knight-Swift Transportation by 13.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company's stock worth $219,870,000 after acquiring an additional 467,647 shares during the period. Ceredex Value Advisors LLC grew its position in shares of Knight-Swift Transportation by 3.6% during the second quarter. Ceredex Value Advisors LLC now owns 1,637,206 shares of the transportation company's stock worth $81,729,000 after purchasing an additional 57,493 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Knight-Swift Transportation by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,337,737 shares of the transportation company's stock valued at $72,171,000 after purchasing an additional 6,803 shares during the period. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Stock Down 2.9 %

KNX traded down $1.69 on Tuesday, hitting $56.78. 1,566,679 shares of the company were exchanged, compared to its average volume of 2,056,459. The firm has a 50-day moving average price of $54.43 and a two-hundred day moving average price of $51.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 246.88, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $60.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the firm earned $0.41 earnings per share. On average, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 6th will be paid a dividend of $0.16 per share. 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 1.13%. Knight-Swift Transportation's dividend payout ratio (DPR) is 278.27%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KNX shares. Barclays boosted their price target 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. Raymond James lifted their target price on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Monday, October 14th. The Goldman Sachs Group dropped their price target on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. TD Cowen increased 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 report 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 on the stock. in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $56.38.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 29,779 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ploeg David Vander sold 500 shares of the firm'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 owns 30,729 shares of the company's stock, valued at approximately $1,754,625.90. This trade represents a 1.60 % 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 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.