Seeyond reduced its stake in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,098 shares of the transportation company’s stock after selling 1,275 shares during the quarter. Seeyond’s holdings in Knight-Swift Transportation were worth $791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Knight-Swift Transportation in the second quarter valued at $25,000. Princeton Global Asset Management LLC purchased a new position in shares of Knight-Swift Transportation in the first quarter valued at $28,000. First National Bank of South Miami purchased a new position in shares of Knight-Swift Transportation in the second quarter valued at $28,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Knight-Swift Transportation in the second quarter valued at $35,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Knight-Swift Transportation in the second quarter valued at $40,000. 83.45% of the stock is owned by institutional investors and hedge funds.

In other news, COO Kevin Quast sold 4,703 shares of Knight-Swift Transportation stock in a transaction on Monday, August 5th. The stock was sold at an average price of $33.36, for a total transaction of $156,892.08. Following the completion of the sale, the chief operating officer now directly owns 11,602 shares in the company, valued at $387,042.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 27.50% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on the stock. Citigroup raised their target price on shares of Knight-Swift Transportation from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Morgan Stanley set a $48.00 target price on shares of Knight-Swift Transportation and gave the company a “buy” rating in a report on Monday, July 8th. Stifel Nicolaus reissued a “hold” rating and issued a $40.00 target price (up from $39.00) on shares of Knight-Swift Transportation in a report on Thursday, July 25th. ValuEngine raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Susquehanna Bancshares assumed coverage on shares of Knight-Swift Transportation in a report on Thursday, September 5th. They issued a “positive” rating and a $40.00 target price for the company. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.46.

KNX traded up $0.19 during trading on Friday, reaching $36.80. The company had a trading volume of 52,526 shares, compared to its average volume of 2,146,391. The stock has a market cap of $6.24 billion, a P/E ratio of 14.39, a PEG ratio of 1.03 and a beta of 1.97. The business has a 50 day simple moving average of $34.59 and a 200-day simple moving average of $33.11. Knight-Swift Transportation Holdings Inc has a 52 week low of $23.27 and a 52 week high of $39.26. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.28 billion. Knight-Swift Transportation had a return on equity of 8.66% and a net margin of 8.19%. Knight-Swift Transportation’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. As a group, equities research analysts expect that Knight-Swift Transportation Holdings Inc will post 2.41 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a $0.06 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. Knight-Swift Transportation’s dividend payout ratio is presently 9.38%.

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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