Great Valley Advisor Group Inc. increased its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) by 19.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 11,631 shares of the transportation company's stock after acquiring an additional 1,929 shares during the period. Great Valley Advisor Group Inc.'s holdings in Knight-Swift Transportation were worth $538,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its holdings 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. Wellington Management Group LLP increased its holdings in shares of Knight-Swift Transportation by 13.4% in the 1st quarter. Wellington Management Group LLP now owns 8,219,189 shares of the transportation company's stock valued at $414,739,000 after acquiring an additional 972,139 shares during the period. Renaissance Technologies LLC purchased a new position in Knight-Swift Transportation during the 1st quarter worth $27,013,000. Impala Asset Management LLC purchased a new position in Knight-Swift Transportation during the 4th quarter worth $24,964,000. Finally, BlackRock Inc. grew its stake in Knight-Swift Transportation by 2.3% during the 1st quarter. BlackRock Inc. now owns 16,645,263 shares of the transportation company's stock worth $839,919,000 after buying an additional 373,181 shares during the last quarter. 89.64% of the stock is currently owned by hedge funds and other institutional investors.
Get Knight-Swift Transportation alerts:Wall Street Analysts Forecast Growth
A number of brokerages have commented on KNX. Susquehanna lifted their price target on Knight-Swift Transportation from $64.00 to $65.00 and gave the stock a "positive" rating in a research report on Thursday, July 21st. Barclays decreased their price objective on Knight-Swift Transportation from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, July 12th. Credit Suisse Group decreased their price objective on Knight-Swift Transportation to $66.00 in a report on Friday, July 22nd. Susquehanna Bancshares lifted their price target on Knight-Swift Transportation from $64.00 to $65.00 and gave the company a "positive" rating in a research note on Thursday, July 21st. Finally, Evercore ISI upgraded Knight-Swift Transportation from an "in-line" rating to an "outperform" rating and set a $35.00 price target for the company in a research note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and an average price target of $60.94.
Knight-Swift Transportation Trading Down 0.2 %
KNX opened at $49.78 on Friday. Knight-Swift Transportation Holdings Inc. has a one year low of $42.50 and a one year high of $62.29. The stock has a market capitalization of $8.00 billion, a PE ratio of 9.30, a P/E/G ratio of 0.62 and a beta of 1.26. The business's 50 day moving average price is $51.97 and its 200 day moving average price is $49.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.33.Knight-Swift Transportation (NYSE:KNX – Get Rating) last released its quarterly earnings data on Wednesday, July 20th. The transportation company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.06. Knight-Swift Transportation had a return on equity of 14.44% and a net margin of 12.26%. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm's quarterly revenue was up 49.1% on a year-over-year basis. As a group, equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 5.39 EPS for the current year.
Knight-Swift Transportation Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Monday, September 5th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, September 1st. Knight-Swift Transportation's dividend payout ratio (DPR) is 8.97%.
Insiders Place Their Bets
In other Knight-Swift Transportation news, EVP James E. Jr. Updike sold 2,400 shares of the company's stock in a transaction on Friday, July 29th. The stock was sold at an average price of $55.18, for a total transaction of $132,432.00. Following the transaction, the executive vice president now directly owns 19,944 shares in the company, valued at $1,100,509.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by insiders.
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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