Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Rating) by 37.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,373 shares of the transportation company’s stock after purchasing an additional 2,282 shares during the quarter. Advisors Asset Management Inc.’s holdings in Knight-Swift Transportation were worth $388,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Walleye Capital LLC purchased a new position in shares of Knight-Swift Transportation in the 2nd quarter valued at about $4,273,000. Aviance Capital Partners LLC increased its stake in shares of Knight-Swift Transportation by 17.4% in the 2nd quarter. Aviance Capital Partners LLC now owns 95,009 shares of the transportation company’s stock valued at $4,398,000 after purchasing an additional 14,073 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Knight-Swift Transportation by 1.2% in the 2nd quarter. Baird Financial Group Inc. now owns 91,381 shares of the transportation company’s stock valued at $4,230,000 after purchasing an additional 1,056 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Knight-Swift Transportation by 136.3% in the 2nd quarter. Metis Global Partners LLC now owns 14,816 shares of the transportation company’s stock worth $686,000 after buying an additional 8,547 shares during the last quarter. Finally, Texas Permanent School Fund boosted its holdings in Knight-Swift Transportation by 0.7% in the 2nd quarter. Texas Permanent School Fund now owns 118,502 shares of the transportation company’s stock worth $5,485,000 after buying an additional 846 shares during the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.

Knight-Swift Transportation Stock Up 2.3 %

Shares of NYSE KNX opened at $54.73 on Friday. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.69 and a beta of 1.15. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.22. Knight-Swift Transportation Holdings Inc. has a 52-week low of $42.50 and a 52-week high of $62.29. The business’s 50 day moving average is $49.49 and its two-hundred day moving average is $49.65.

Knight-Swift Transportation (NYSE:KNXGet Rating) last announced its earnings results on Wednesday, October 19th. The transportation company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.05). The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Knight-Swift Transportation had a net margin of 11.69% and a return on equity of 13.98%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 EPS. Research analysts predict that Knight-Swift Transportation Holdings Inc. will post 5.19 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 27th. Shareholders of record on Monday, December 5th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, December 2nd. Knight-Swift Transportation’s payout ratio is 9.01%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Credit Suisse Group lowered their price objective on Knight-Swift Transportation from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Thursday, October 20th. KeyCorp lowered their target price on Knight-Swift Transportation from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, October 20th. JPMorgan Chase & Co. lowered their target price on Knight-Swift Transportation from $54.00 to $52.00 and set an “underweight” rating on the stock in a report on Thursday, October 20th. Raymond James lowered their target price on Knight-Swift Transportation from $55.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, October 20th. Finally, Citigroup lowered their target price on Knight-Swift Transportation from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.69.

About Knight-Swift Transportation

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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.

See Also

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

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