Victory Capital Management Inc. Sells 121,199 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Victory Capital Management Inc. decreased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,473,618 shares of the transportation company's stock after selling 121,199 shares during the quarter. Victory Capital Management Inc. owned approximately 4.62% of Knight-Swift Transportation worth $403,202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Knight-Swift Transportation during the 1st quarter worth $1,935,000. Wedge Capital Management L L P NC grew its stake in shares of Knight-Swift Transportation by 9.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 263,033 shares of the transportation company's stock worth $13,131,000 after acquiring an additional 21,689 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Knight-Swift Transportation by 21.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,821 shares of the transportation company's stock worth $4,942,000 after acquiring an additional 15,600 shares during the period. Swedbank AB bought a new position in shares of Knight-Swift Transportation during the 1st quarter worth $3,162,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Knight-Swift Transportation by 12.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 133,178 shares of the transportation company's stock worth $7,328,000 after purchasing an additional 15,040 shares during the period. Institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Down 4.1 %

KNX traded down $2.40 during midday trading on Tuesday, reaching $56.48. The company's stock had a trading volume of 2,639,304 shares, compared to its average volume of 2,074,810. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 256.00, a PEG ratio of 2.17 and a beta of 0.93. 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 1 year low of $45.55 and a 1 year high of $60.99. The stock's 50-day moving average is $52.70 and its 200-day moving average is $50.79.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.91 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The business's revenue for the quarter was down 7.1% on a year-over-year basis. As a group, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.13%. Knight-Swift Transportation's dividend payout ratio (DPR) is 278.26%.

Insider Activity at Knight-Swift Transportation

In related news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $53.32, for a total transaction of $133,300.00. Following the transaction, the director now owns 21,833 shares in the company, valued at $1,164,135.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. The Goldman Sachs Group reduced 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 report on Wednesday, October 9th. TD Cowen lifted their price objective on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Citigroup downgraded shares of Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 price objective for the company. in a report on Tuesday. Stifel Nicolaus lifted their price objective on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Finally, Evercore ISI lifted their price objective on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an "in-line" rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $56.00.

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.