Unigestion Holding SA Buys New Shares in Knight-Swift Transportation Holdings Inc (NYSE:KNX)

Unigestion Holding SA bought a new stake in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 163,143 shares of the transportation company’s stock, valued at approximately $5,923,000.

A number of other hedge funds have also added to or reduced their stakes in KNX. Nuveen Asset Management LLC lifted its stake in Knight-Swift Transportation by 2,097.5% during the second quarter. Nuveen Asset Management LLC now owns 1,478,357 shares of the transportation company’s stock valued at $48,550,000 after purchasing an additional 1,411,082 shares during the last quarter. Scout Investments Inc. acquired a new stake in Knight-Swift Transportation during the third quarter valued at approximately $18,266,000. Invesco Ltd. lifted its stake in Knight-Swift Transportation by 15.3% during the second quarter. Invesco Ltd. now owns 3,534,626 shares of the transportation company’s stock valued at $116,076,000 after purchasing an additional 467,967 shares during the last quarter. BlackRock Inc. lifted its stake in Knight-Swift Transportation by 2.7% during the second quarter. BlackRock Inc. now owns 12,280,414 shares of the transportation company’s stock valued at $403,290,000 after purchasing an additional 319,842 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Knight-Swift Transportation by 9.1% during the second quarter. JPMorgan Chase & Co. now owns 3,527,496 shares of the transportation company’s stock valued at $110,904,000 after purchasing an additional 293,814 shares during the last quarter. 82.98% of the stock is owned by institutional investors and hedge funds.

Several research firms recently commented on KNX. KeyCorp increased their target price on shares of Knight-Swift Transportation from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. ValuEngine raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Cowen set a $39.00 target price on shares of 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 price target on shares of Knight-Swift Transportation and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, Knight Equity started coverage on shares of Knight-Swift Transportation in a report on Thursday, September 5th. They set a “positive” rating and a $40.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Knight-Swift Transportation presently has a consensus rating of “Buy” and an average target price of $40.09.

Shares of KNX stock traded down $0.83 during trading hours on Friday, reaching $37.80. 868,829 shares of the stock traded hands, compared to its average volume of 2,074,142. Knight-Swift Transportation Holdings Inc has a 1-year low of $23.27 and a 1-year high of $39.37. The business has a fifty day moving average price of $36.46 and a 200 day moving average price of $33.98. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $6.55 billion, a PE ratio of 14.77, a PEG ratio of 1.14 and a beta of 1.94.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. Knight-Swift Transportation had a net margin of 7.80% and a return on equity of 7.99%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s revenue was down 10.8% compared to the same quarter last year. Research analysts expect that Knight-Swift Transportation Holdings Inc will post 2.26 earnings per share for the current fiscal year.

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 121,496 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $38.40, for a total value of $4,665,446.40. Also, Director Ploeg David Vander sold 2,760 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $38.40, for a total transaction of $105,984.00. Insiders have sold 129,034 shares of company stock worth $4,951,289 in the last 90 days. 27.50% of the stock is owned by company insiders.

About Knight-Swift Transportation

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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