Victory Capital Management Inc. Cuts Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Victory Capital Management Inc. lowered its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Rating) by 21.0% during the first quarter, HoldingsChannel.com reports. The firm owned 440,990 shares of the transportation company’s stock after selling 117,499 shares during the period. Victory Capital Management Inc.’s holdings in Knight-Swift Transportation were worth $21,616,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its stake in shares of Knight-Swift Transportation by 244.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,619,944 shares of the transportation company’s stock valued at $84,885,000 after acquiring an additional 1,149,669 shares during the period. KBC Group NV raised its stake in shares of Knight-Swift Transportation by 1,763.2% in the 4th quarter. KBC Group NV now owns 1,004,686 shares of the transportation company’s stock valued at $61,226,000 after acquiring an additional 950,763 shares during the period. Impala Asset Management LLC purchased a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $24,964,000. Los Angeles Capital Management LLC raised its stake in shares of Knight-Swift Transportation by 306.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 500,228 shares of the transportation company’s stock valued at $30,484,000 after acquiring an additional 377,041 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Knight-Swift Transportation by 67.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 893,863 shares of the transportation company’s stock valued at $54,472,000 after acquiring an additional 359,528 shares during the period. Hedge funds and other institutional investors own 86.20% of the company’s stock.

Insider Activity

In other news, EVP James E. Jr. Updike sold 2,400 shares of Knight-Swift Transportation stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $55.18, for a total value of $132,432.00. Following the completion of the transaction, the executive vice president now directly owns 19,944 shares of the company’s stock, valued at approximately $1,100,509.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.10% of the company’s stock.

Knight-Swift Transportation Price Performance

Shares of KNX stock opened at $53.67 on Friday. Knight-Swift Transportation Holdings Inc. has a 1-year low of $42.50 and a 1-year high of $62.29. The firm has a fifty day moving average of $48.49 and a two-hundred day moving average of $50.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.26. The firm has a market cap of $8.78 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.65 and a beta of 1.24.

Knight-Swift Transportation (NYSE:KNXGet Rating) last posted its quarterly earnings results on Wednesday, July 20th. The transportation company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.35 by $0.06. Knight-Swift Transportation had a net margin of 12.26% and a return on equity of 14.44%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the business posted $0.98 EPS. The company’s quarterly revenue was up 49.1% on a year-over-year basis. As a group, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 5.39 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Monday, September 5th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, September 1st. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 8.97%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays cut their target price on shares of Knight-Swift Transportation from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Credit Suisse Group lowered their price target on shares of Knight-Swift Transportation to $66.00 in a report on Friday, July 22nd. JPMorgan Chase & Co. lowered their price target on shares of Knight-Swift Transportation from $54.00 to $52.00 and set an “underweight” rating for the company in a report on Friday, April 8th. Cowen raised their price target on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. Finally, Evercore ISI raised shares of Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.94.

Knight-Swift Transportation Company Profile

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Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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