Comerica Bank Sells 2,625 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Comerica Bank trimmed its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,745 shares of the transportation company’s stock after selling 2,625 shares during the quarter. Comerica Bank’s holdings in Knight-Swift Transportation were worth $3,572,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ronald Blue Trust Inc. boosted its stake in Knight-Swift Transportation by 267.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 574 shares of the transportation company’s stock worth $26,000 after purchasing an additional 418 shares during the period. Geneos Wealth Management Inc. bought a new position in Knight-Swift Transportation in the 2nd quarter worth approximately $28,000. Eagle Bay Advisors LLC boosted its stake in Knight-Swift Transportation by 87.2% in the 2nd quarter. Eagle Bay Advisors LLC now owns 979 shares of the transportation company’s stock worth $45,000 after purchasing an additional 456 shares during the period. Arlington Partners LLC bought a new position in shares of Knight-Swift Transportation during the 2nd quarter valued at approximately $46,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Knight-Swift Transportation by 543.2% in the first quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 793 shares in the last quarter. 89.95% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Trading Down 1.1 %

Shares of KNX opened at $55.14 on Monday. Knight-Swift Transportation Holdings Inc. has a 1-year low of $42.50 and a 1-year high of $58.72. The company has a 50-day moving average of $53.96 and a 200 day moving average of $51.65. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.86 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62 and a quick ratio of 1.62.

Knight-Swift Transportation (NYSE:KNX – Get Rating) last announced its quarterly earnings data on Wednesday, October 19th. The transportation company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.06). Knight-Swift Transportation had a net margin of 11.69% and a return on equity of 13.98%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the business earned $1.30 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 5.17 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 27th. Investors of record on Monday, December 5th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.87%. Knight-Swift Transportation’s payout ratio is 9.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Knight-Swift Transportation from $54.00 to $52.00 and set an “underweight” rating on the stock in a research note on Thursday, October 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Knight-Swift Transportation from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 28th. Credit Suisse Group lowered their price objective on shares of Knight-Swift Transportation from $65.00 to $63.00 and set an “outperform” rating for the company in a research report on Thursday, October 20th. Susquehanna Bancshares lowered their price objective 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, Barclays increased their price objective on shares of Knight-Swift Transportation from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.56.

Knight-Swift Transportation Company Profile

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Knight-Swift Transportation Holdings, Inc engages in the provision of multiple truckload transportation and logistics services. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment comprises irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.