12,021 Shares in Knight-Swift Transportation Holdings Inc (NYSE:KNX) Acquired by Keybank National Association OH

Keybank National Association OH purchased a new position in Knight-Swift Transportation Holdings Inc (NYSE:KNX) during the 3rd quarter, HoldingsChannel reports. The firm purchased 12,021 shares of the transportation company’s stock, valued at approximately $436,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KNX. Wells Fargo & Company MN raised its stake in Knight-Swift Transportation by 94.0% during the 2nd quarter. Wells Fargo & Company MN now owns 561,552 shares of the transportation company’s stock valued at $18,441,000 after acquiring an additional 272,134 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Knight-Swift Transportation during the 2nd quarter valued at $8,860,000. TimesSquare Capital Management LLC raised its stake in Knight-Swift Transportation by 1.0% during the 2nd quarter. TimesSquare Capital Management LLC now owns 2,268,084 shares of the transportation company’s stock valued at $74,484,000 after acquiring an additional 22,200 shares in the last quarter. First National Bank of South Miami bought a new stake in Knight-Swift Transportation during the 2nd quarter valued at $28,000. Finally, Pinnacle Associates Ltd. raised its stake in Knight-Swift Transportation by 3.8% during the 2nd quarter. Pinnacle Associates Ltd. now owns 54,450 shares of the transportation company’s stock valued at $1,788,000 after acquiring an additional 1,975 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of KNX traded down $0.09 during midday trading on Friday, reaching $37.73. The stock had a trading volume of 11,674 shares, compared to its average volume of 1,511,966. Knight-Swift Transportation Holdings Inc has a 52 week low of $23.27 and a 52 week high of $39.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. The firm’s 50 day moving average price is $36.74 and its 200-day moving average price is $34.05. The company has a market capitalization of $6.45 billion, a P/E ratio of 14.79, a P/E/G ratio of 1.12 and a beta of 1.94.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. Knight-Swift Transportation had a return on equity of 7.99% and a net margin of 7.80%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. On average, equities analysts forecast that Knight-Swift Transportation Holdings Inc will post 2.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 3rd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Monday, December 2nd. Knight-Swift Transportation’s dividend payout ratio is presently 9.38%.

Several analysts have weighed in on KNX shares. UBS Group raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $39.00 to $40.00 in a research note on Friday, October 11th. Susquehanna Bancshares started coverage on Knight-Swift Transportation in a research note on Thursday, September 5th. They set a “positive” rating and a $40.00 target price on the stock. Cowen set a $39.00 target price on Knight-Swift Transportation and gave the company a “hold” rating in a research note on Tuesday, October 15th. Credit Suisse Group set a $30.00 target price on Knight-Swift Transportation and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, Knight Equity started coverage on Knight-Swift Transportation in a research note on Thursday, September 5th. They set a “positive” rating and a $40.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Knight-Swift Transportation has an average rating of “Buy” and an average target price of $40.09.

In other news, Director Ploeg David Vander sold 2,760 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $38.40, for a total value of $105,984.00. Also, Chairman Kevin P. Knight sold 121,496 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $38.40, for a total value of $4,665,446.40. Insiders sold a total of 129,034 shares of company stock worth $4,951,289 in the last three months. Company insiders own 27.50% of the company’s stock.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation 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.

Further Reading: Different Types of Derivatives

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

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