New York State Teachers Retirement System Purchases 10,300 Shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX)

New York State Teachers Retirement System grew its position in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 151,538 shares of the transportation company’s stock after purchasing an additional 10,300 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Knight-Swift Transportation worth $4,977,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KNX. Princeton Global Asset Management LLC bought a new stake in shares of Knight-Swift Transportation in the 1st quarter valued at $28,000. First Hawaiian Bank bought a new position in Knight-Swift Transportation during the first quarter worth $54,000. Enterprise Financial Services Corp bought a new position in Knight-Swift Transportation during the first quarter worth $71,000. Advisory Services Network LLC boosted its stake in Knight-Swift Transportation by 20.0% during the first quarter. Advisory Services Network LLC now owns 4,200 shares of the transportation company’s stock worth $137,000 after acquiring an additional 700 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in Knight-Swift Transportation during the first quarter worth $209,000. 82.81% of the stock is currently owned by institutional investors.

KNX traded up $0.39 during trading on Friday, hitting $34.73. 1,781,180 shares of the company’s stock were exchanged, compared to its average volume of 2,544,621. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average price is $33.92. Knight-Swift Transportation Holdings Inc has a fifty-two week low of $23.27 and a fifty-two week high of $39.26. The company has a market cap of $6.20 billion, a PE ratio of 13.57, a P/E/G ratio of 1.00 and a beta of 1.95.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Knight-Swift Transportation had a net margin of 8.19% and a return on equity of 8.66%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The business’s revenue was down 6.7% on a year-over-year basis. As a group, research analysts expect that Knight-Swift Transportation Holdings Inc will post 2.4 earnings per share for the current year.

Several research analysts recently issued reports on the stock. Morgan Stanley set a $48.00 target price on shares of Knight-Swift Transportation and gave the stock a “buy” rating in a research note on Monday, July 8th. ValuEngine raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Sunday, June 30th. Citigroup increased their target price on shares of Knight-Swift Transportation from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. KeyCorp increased their target price on shares of Knight-Swift Transportation from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $40.00 target price (up from $39.00) on shares of Knight-Swift Transportation in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $42.91.

Knight-Swift Transportation Company 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.

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

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