Tredje AP fonden Has $1.31 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Tredje AP fonden lessened its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.5% during the 2nd quarter, Holdings Channel reports. The firm owned 26,185 shares of the transportation company’s stock after selling 396 shares during the period. Tredje AP fonden’s holdings in Knight-Swift Transportation were worth $1,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP boosted its stake in Knight-Swift Transportation by 15.7% in the fourth quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock valued at $906,016,000 after acquiring an additional 2,137,296 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Knight-Swift Transportation by 27.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock worth $271,121,000 after purchasing an additional 1,176,069 shares during the period. Victory Capital Management Inc. grew its stake in shares of Knight-Swift Transportation by 10.9% during the second quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock worth $379,133,000 after purchasing an additional 744,412 shares during the period. Balyasny Asset Management L.P. increased its holdings in Knight-Swift Transportation by 225.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 865,235 shares of the transportation company’s stock valued at $49,881,000 after purchasing an additional 599,193 shares during the last quarter. Finally, Nuance Investments LLC bought a new position in Knight-Swift Transportation during the second quarter worth about $26,581,000. 88.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Michael Garnreiter sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total value of $101,140.00. Following the completion of the transaction, the director now directly owns 17,648 shares in the company, valued at $892,459.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Kevin P. Knight sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $50.33, for a total value of $1,509,900.00. Following the completion of the sale, the chairman now directly owns 1,467,360 shares in the company, valued at approximately $73,852,228.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Garnreiter sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total value of $101,140.00. Following the transaction, the director now directly owns 17,648 shares in the company, valued at approximately $892,459.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,196 shares of company stock worth $4,367,869. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

KNX has been the topic of a number of analyst reports. Evercore ISI cut their price target on shares of Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. JPMorgan Chase & Co. increased their target price on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Bank of America boosted their price target on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Raymond James dropped their price objective on Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating on the stock in a research note on Thursday, July 25th. Finally, UBS Group decreased their target price on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.14.

Knight-Swift Transportation Trading Down 2.0 %

NYSE KNX opened at $52.21 on Friday. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 77.93, a PEG ratio of 1.43 and a beta of 0.93. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week high of $60.99. The stock’s 50 day moving average price is $51.99 and its two-hundred day moving average price is $50.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the company posted $0.49 EPS. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.1 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, September 6th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, September 6th. This represents a $0.64 annualized dividend and a yield of 1.23%. Knight-Swift Transportation’s payout ratio is presently 95.52%.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.