Quantinno Capital Management LP grew its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 43.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,992 shares of the transportation company's stock after purchasing an additional 24,356 shares during the quarter. Quantinno Capital Management LP owned approximately 0.05% of Knight-Swift Transportation worth $4,370,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators raised its position in shares of Knight-Swift Transportation by 87.2% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company's stock worth $40,000 after purchasing an additional 348 shares during the period. Brown Brothers Harriman & Co. increased its position in Knight-Swift Transportation by 28.6% during the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company's stock worth $45,000 after buying an additional 200 shares during the last quarter. Blue Trust Inc. raised its stake in shares of 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 acquiring an additional 579 shares in the last quarter. GAMMA Investing LLC lifted its position in 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 during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Knight-Swift Transportation by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock valued at $62,000 after purchasing an additional 292 shares during the period. 88.77% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on KNX shares. Stifel Nicolaus lifted their price target on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the company a "hold" rating in a report on Friday, October 25th. TD Cowen upped their target price on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley lowered their target price on Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, October 24th. Bank of America raised their price target on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Barclays upped their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $56.38.
View Our Latest Research Report on KNX
Shares of Knight-Swift Transportation stock opened at $55.50 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $8.98 billion, a PE ratio of 241.31, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $60.99. The firm's 50 day moving average is $54.60 and its 200 day moving average is $51.97.
Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The firm had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.91 billion. During the same period in the prior year, the company posted $0.41 EPS. The company's revenue was down 7.1% on a year-over-year basis. Equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, December 6th. Knight-Swift Transportation's payout ratio is presently 278.27%.
In related news, Director Ploeg David Vander sold 500 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the sale, the director now directly owns 30,729 shares of the company's stock, valued at $1,754,625.90. The trade was a 1.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.
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.
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