Focus Partners Advisor Solutions LLC lifted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,201 shares of the transportation company’s stock after purchasing an additional 481 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Knight-Swift Transportation were worth $495,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of KNX. AQR Capital Management LLC grew its holdings in Knight-Swift Transportation by 8,856.8% during the first quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company’s stock worth $70,704,000 after acquiring an additional 1,628,760 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Knight-Swift Transportation by 102,633.9% during the first quarter. Cubist Systematic Strategies LLC now owns 922,805 shares of the transportation company’s stock worth $40,133,000 after acquiring an additional 923,705 shares during the period. Dimensional Fund Advisors LP grew its holdings in Knight-Swift Transportation by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company’s stock worth $331,813,000 after acquiring an additional 638,352 shares during the period. Triton Wealth Management PLLC acquired a new position in Knight-Swift Transportation during the second quarter worth about $24,193,000. Finally, Vanguard Group Inc. grew its holdings in Knight-Swift Transportation by 3.6% during the first quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company’s stock worth $649,560,000 after acquiring an additional 515,212 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.
Knight-Swift Transportation Trading Up 1.6%
Shares of KNX opened at $44.45 on Thursday. The business’s 50-day moving average price is $43.02 and its 200 day moving average price is $43.26. The stock has a market capitalization of $7.21 billion, a P/E ratio of 50.51, a P/E/G ratio of 0.87 and a beta of 1.14. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31.
Knight-Swift Transportation Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. Knight-Swift Transportation’s payout ratio is 81.82%.
Insiders Place Their Bets
In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
KNX has been the topic of a number of research analyst reports. Benchmark reaffirmed a “buy” rating on shares of Knight-Swift Transportation in a report on Friday, October 24th. Bank of America raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $41.00 to $50.00 in a report on Thursday, October 16th. JPMorgan Chase & Co. lifted their target price on Knight-Swift Transportation from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Evercore ISI lowered their target price on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating on the stock in a report on Tuesday, September 30th. Finally, UBS Group cut Knight-Swift Transportation from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $46.00 to $51.00 in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and a consensus price target of $53.29.
Check Out Our Latest Stock Report on Knight-Swift Transportation
Knight-Swift Transportation Company Profile
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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