Harel Insurance Investments & Financial Services Ltd. trimmed its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) by 7.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,123 shares of the transportation company's stock after selling 422 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Knight-Swift Transportation were worth $237,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ascent Group LLC acquired a new stake in shares of Knight-Swift Transportation during the first quarter worth $248,000. Comerica Bank raised its holdings in shares of Knight-Swift Transportation by 0.5% during the first quarter. Comerica Bank now owns 78,227 shares of the transportation company's stock worth $3,768,000 after purchasing an additional 363 shares during the period. Forsta AP Fonden raised its holdings in shares of Knight-Swift Transportation by 104.0% during the first quarter. Forsta AP Fonden now owns 133,400 shares of the transportation company's stock worth $6,731,000 after purchasing an additional 68,000 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Knight-Swift Transportation by 118.6% during the first quarter. Teacher Retirement System of Texas now owns 327,184 shares of the transportation company's stock worth $16,510,000 after purchasing an additional 177,487 shares during the period. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of Knight-Swift Transportation by 46.3% in the 1st quarter. Jupiter Asset Management Ltd. now owns 7,722 shares of the transportation company's stock worth $390,000 after acquiring an additional 2,445 shares during the period. 89.64% of the stock is owned by institutional investors and hedge funds.
Get Knight-Swift Transportation alerts:Knight-Swift Transportation Stock Performance
NYSE:KNX opened at $49.78 on Friday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $42.50 and a twelve month high of $62.29. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $51.97 and a 200-day moving average of $49.69. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.62 and a beta of 1.26.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The transportation company reported $1.41 earnings per share 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 company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm posted $0.98 EPS. The business's revenue for the quarter was up 49.1% on a year-over-year basis. Analysts forecast that Knight-Swift Transportation Holdings Inc. will post 5.39 earnings per share for the current fiscal year.Knight-Swift Transportation Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Monday, September 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. Knight-Swift Transportation's dividend payout ratio (DPR) is 8.97%.
Insider Activity
In other Knight-Swift Transportation news, EVP James E. Jr. Updike sold 2,400 shares of the company's stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $55.18, for a total transaction of $132,432.00. Following the completion of the sale, the executive vice president now directly owns 19,944 shares of the company's stock, valued at $1,100,509.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.10% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on KNX. Credit Suisse Group dropped their price objective on shares of Knight-Swift Transportation to $66.00 in a report on Friday, July 22nd. Wolfe Research raised shares of Knight-Swift Transportation from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 12th. Susquehanna increased their price objective on shares of Knight-Swift Transportation from $64.00 to $65.00 and gave the stock a "positive" rating in a report on Thursday, July 21st. Barclays dropped their price objective on shares of Knight-Swift Transportation from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, July 12th. Finally, Wells Fargo & Company dropped their price objective on shares of Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating on the stock in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $60.94.
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.
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