Arizona State Retirement System Has $3.14 Million Position in Knight-Swift Transportation Holdings Inc (KNX)

Arizona State Retirement System increased its holdings in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 2.2% during the third quarter, Holdings Channel reports. The fund owned 91,055 shares of the transportation company’s stock after acquiring an additional 1,918 shares during the quarter. Arizona State Retirement System’s holdings in Knight-Swift Transportation were worth $3,140,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norris Perne & French LLP MI increased its stake in Knight-Swift Transportation by 13.3% in the 3rd quarter. Norris Perne & French LLP MI now owns 352,790 shares of the transportation company’s stock valued at $12,164,000 after buying an additional 41,455 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Knight-Swift Transportation by 49.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 313,530 shares of the transportation company’s stock valued at $10,811,000 after acquiring an additional 103,377 shares during the period. Alps Advisors Inc. grew its position in shares of Knight-Swift Transportation by 44.6% during the 3rd quarter. Alps Advisors Inc. now owns 13,453 shares of the transportation company’s stock valued at $464,000 after acquiring an additional 4,147 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Knight-Swift Transportation by 100.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 14,126 shares of the transportation company’s stock valued at $512,000 after acquiring an additional 7,063 shares during the period. Finally, Cambiar Investors LLC bought a new position in shares of Knight-Swift Transportation during the 3rd quarter valued at approximately $4,445,000. Institutional investors own 79.93% of the company’s stock.

A number of research firms have recently weighed in on KNX. ValuEngine downgraded shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Stifel Nicolaus reduced their target price on shares of Knight-Swift Transportation from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, July 26th. UBS Group reduced their target price on shares of Knight-Swift Transportation from $57.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, July 26th. Zacks Investment Research raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Tuesday, July 17th. Finally, Loop Capital increased their target price on shares of Knight-Swift Transportation from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, October 26th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Knight-Swift Transportation has an average rating of “Buy” and a consensus price target of $48.24.

KNX opened at $33.48 on Friday. The company has a market capitalization of $5.98 billion, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 0.95 and a beta of 1.51. Knight-Swift Transportation Holdings Inc has a 12 month low of $29.00 and a 12 month high of $51.94. The company has a quick ratio of 1.47, a current ratio of 1.43 and a debt-to-equity ratio of 0.17.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, October 24th. The transportation company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. Knight-Swift Transportation had a net margin of 13.47% and a return on equity of 7.26%. Knight-Swift Transportation’s revenue for the quarter was up 158.2% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. On average, equities analysts expect that Knight-Swift Transportation Holdings Inc will post 2.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Monday, December 3rd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.72%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 17.39%.

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Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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