MQS Management LLC Buys 250 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

MQS Management LLC lifted its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,981 shares of the transportation company’s stock after buying an additional 250 shares during the quarter. MQS Management LLC’s holdings in Knight-Swift Transportation were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KNX. Rise Advisors LLC purchased a new position in shares of Knight-Swift Transportation during the 1st quarter valued at $25,000. GAMMA Investing LLC grew its position in shares of Knight-Swift Transportation by 67.5% during the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after purchasing an additional 253 shares in the last quarter. Versant Capital Management Inc raised its stake in Knight-Swift Transportation by 3,461.9% during the 2nd quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 727 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Knight-Swift Transportation by 28.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after purchasing an additional 200 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Knight-Swift Transportation by 168.3% in the 2nd quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock worth $51,000 after purchasing an additional 579 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Performance

NYSE:KNX opened at $52.21 on Friday. The firm has a market capitalization of $8.44 billion, a PE ratio of 77.93, a PEG ratio of 1.43 and a beta of 0.93. The stock’s fifty day moving average is $51.99 and its 200 day moving average is $50.75. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. 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 released its earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (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 firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the business posted $0.49 EPS. Knight-Swift Transportation’s revenue was up 18.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.1 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

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

Insider Transactions at Knight-Swift Transportation

In related news, Chairman Kevin P. Knight sold 45,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the completion of the transaction, the chairman now owns 1,422,360 shares in the company, valued at approximately $73,294,210.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Chairman Kevin P. Knight sold 45,000 shares of Knight-Swift Transportation stock in a transaction on Monday, August 5th. The stock was sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the completion of the sale, the chairman now directly owns 1,422,360 shares in the company, valued at $73,294,210.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Garnreiter sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total transaction of $101,140.00. Following the completion of the transaction, the director now owns 17,648 shares in the company, valued at $892,459.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,196 shares of company stock worth $4,367,869. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Raymond James lowered their target price on shares of Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating on the stock in a report on Thursday, July 25th. StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a research note on Thursday, July 25th. TD Cowen raised their price objective on Knight-Swift Transportation from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Bank of America lifted their target price on Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Evercore ISI dropped their price target on Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and a consensus target price of $57.14.

Knight-Swift Transportation Profile

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.