DekaBank Deutsche Girozentrale Trims Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

DekaBank Deutsche Girozentrale decreased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 73.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,846 shares of the transportation company’s stock after selling 52,976 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Knight-Swift Transportation were worth $1,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KNX. GHP Investment Advisors Inc. grew its position in Knight-Swift Transportation by 6.3% during the third quarter. GHP Investment Advisors Inc. now owns 61,464 shares of the transportation company’s stock valued at $3,316,000 after buying an additional 3,645 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Knight-Swift Transportation by 32.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 9,395 shares of the transportation company’s stock worth $507,000 after acquiring an additional 2,316 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Knight-Swift Transportation by 11.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,704 shares of the transportation company’s stock valued at $308,000 after acquiring an additional 597 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Knight-Swift Transportation by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company’s stock valued at $219,870,000 after purchasing an additional 467,647 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Knight-Swift Transportation in the 3rd quarter worth about $361,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 1.6 %

Shares of KNX opened at $52.93 on Friday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $60.99. The firm has a market capitalization of $8.57 billion, a P/E ratio of 230.14, a P/E/G ratio of 1.89 and a beta of 0.93. The firm has a 50-day moving average price of $52.15 and a 200 day moving average price of $50.42. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. Sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.06 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were issued a $0.16 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.64 annualized dividend and a yield of 1.21%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 278.27%.

Insider Buying and Selling at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 5,696 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total value of $304,679.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Michael K. Liu sold 5,696 shares of Knight-Swift Transportation stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total value of $304,679.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.32, for a total value of $133,300.00. Following the completion of the sale, the director now owns 21,833 shares in the company, valued at $1,164,135.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,196 shares of company stock valued at $2,857,969 over the last 90 days. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on KNX. Raymond James raised their price objective on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Evercore ISI lifted their price target on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Bank of America upped their price objective on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Susquehanna lifted their target price on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Finally, UBS Group reduced their price target on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.94.

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.