New York State Teachers Retirement System Lowers Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

New York State Teachers Retirement System lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,673 shares of the transportation company’s stock after selling 519 shares during the period. New York State Teachers Retirement System owned about 0.11% of Knight-Swift Transportation worth $9,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in Knight-Swift Transportation by 3,461.9% in 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 in the last quarter. Brown Brothers Harriman & Co. raised its position 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 valued at $45,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. raised its position in Knight-Swift Transportation by 168.3% in the 2nd quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 579 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Knight-Swift Transportation by 50.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock worth $51,000 after acquiring an additional 343 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Knight-Swift Transportation by 36.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after acquiring an additional 302 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Analyst Upgrades and Downgrades

KNX has been the topic of several research analyst reports. TD Cowen raised their target price on Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com raised Knight-Swift Transportation to a “sell” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Wolfe Research lowered Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Finally, Bank of America lifted their price target on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.94.

Insiders Place Their Bets

In other news, Director Michael Garnreiter sold 2,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $892,459.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Michael Garnreiter sold 2,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $892,459.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael K. Liu sold 5,696 shares of the business’s 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,196 shares of company stock worth $539,119. 3.00% of the stock is owned by corporate insiders.

Knight-Swift Transportation Stock Up 1.6 %

Knight-Swift Transportation stock opened at $52.93 on Monday. The stock’s 50 day moving average price is $52.15 and its 200 day moving average price is $50.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 0.88. The company has a market cap of $8.57 billion, a PE ratio of 230.14, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $60.99.

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

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 6th were given a dividend of $0.16 per share. The ex-dividend date was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.21%. Knight-Swift Transportation’s payout ratio is 278.27%.

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.