Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stake Lessened by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Rating) by 14.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,379 shares of the transportation company’s stock after selling 9,638 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Knight-Swift Transportation were worth $2,656,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Knight-Swift Transportation by 2.3% in the 1st quarter. BlackRock Inc. now owns 16,645,263 shares of the transportation company’s stock valued at $839,919,000 after purchasing an additional 373,181 shares in the last quarter. Vanguard Group Inc. raised its stake in Knight-Swift Transportation by 0.6% during the first quarter. Vanguard Group Inc. now owns 13,894,447 shares of the transportation company’s stock worth $701,114,000 after acquiring an additional 84,898 shares during the period. Wellington Management Group LLP raised its stake in Knight-Swift Transportation by 13.4% during the first quarter. Wellington Management Group LLP now owns 8,219,189 shares of the transportation company’s stock worth $414,739,000 after acquiring an additional 972,139 shares during the period. State Street Corp raised its stake in Knight-Swift Transportation by 2.7% during the first quarter. State Street Corp now owns 6,314,648 shares of the transportation company’s stock worth $318,637,000 after acquiring an additional 166,644 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Knight-Swift Transportation by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,850,070 shares of the transportation company’s stock worth $194,290,000 after acquiring an additional 87,876 shares during the period. Institutional investors and hedge funds own 89.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on KNX. Raymond James dropped their price objective on shares of Knight-Swift Transportation from $55.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, October 20th. JPMorgan Chase & Co. decreased their target price on shares of Knight-Swift Transportation from $54.00 to $52.00 and set an “underweight” rating for the company in a research report on Thursday, October 20th. Evercore ISI decreased their target price on shares of Knight-Swift Transportation from $59.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, October 20th. Susquehanna decreased their target price on shares of Knight-Swift Transportation from $64.00 to $63.00 and set a “positive” rating for the company in a research report on Thursday, October 20th. Finally, StockNews.com began coverage on shares of Knight-Swift Transportation in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average price target of $59.69.

Knight-Swift Transportation Stock Down 0.8 %

KNX stock opened at $53.60 on Wednesday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $42.50 and a 12-month high of $62.29. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.22. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.69 and a beta of 1.15. The company has a 50 day moving average of $49.63 and a two-hundred day moving average of $49.70.

Knight-Swift Transportation (NYSE:KNXGet Rating) last released 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 company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Knight-Swift Transportation had a return on equity of 13.98% and a net margin of 11.69%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 EPS. On average, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 5.19 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 27th. Stockholders of record on Monday, December 5th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.90%. Knight-Swift Transportation’s dividend payout ratio is currently 9.01%.

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.

See Also

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

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