WS Management Lllp lowered its stake in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 10.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 197,551 shares of the transportation company’s stock after selling 22,725 shares during the quarter. WS Management Lllp owned about 0.11% of Knight-Swift Transportation worth $6,488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. raised its position in shares of Knight-Swift Transportation by 2.3% in the second quarter. Crossmark Global Holdings Inc. now owns 15,558 shares of the transportation company’s stock valued at $511,000 after purchasing an additional 345 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Knight-Swift Transportation by 0.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,600 shares of the transportation company’s stock worth $1,793,000 after buying an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Knight-Swift Transportation by 0.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 95,743 shares of the transportation company’s stock worth $3,129,000 after buying an additional 408 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Knight-Swift Transportation by 0.6% during the 1st quarter. Mason Street Advisors LLC now owns 66,241 shares of the transportation company’s stock valued at $2,165,000 after purchasing an additional 415 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Knight-Swift Transportation by 2.5% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 19,170 shares of the transportation company’s stock valued at $626,000 after purchasing an additional 470 shares in the last quarter. 83.45% of the stock is currently owned by hedge funds and other institutional investors.

In other news, COO Kevin Quast sold 4,703 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $33.36, for a total value of $156,892.08. Following the sale, the chief operating officer now owns 11,602 shares of the company’s stock, valued at $387,042.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.30% of the company’s stock.

KNX has been the subject of several research reports. Citigroup raised their price objective on 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 price objective on Knight-Swift Transportation from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. ValuEngine raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research report on Tuesday. Knight Equity started coverage on shares of Knight-Swift Transportation in a research report on Thursday, September 5th. They set a “positive” rating and a $40.00 target price on the stock. Finally, Stephens started coverage on Knight-Swift Transportation in a research report on Monday, July 1st. They issued a “buy” rating on the stock. Four equities research 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 an average rating of “Buy” and a consensus target price of $42.46.

KNX traded down $1.13 on Thursday, reaching $36.61. The company had a trading volume of 2,366,888 shares, compared to its average volume of 2,152,375. The company’s fifty day moving average is $34.59 and its 200 day moving average is $33.11. Knight-Swift Transportation Holdings Inc has a fifty-two week low of $23.27 and a fifty-two week high of $39.26. The stock has a market cap of $6.44 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.03 and a beta of 1.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.58 EPS for the quarter, beating 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 business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s revenue was down 6.7% compared to the same quarter last year. On average, sell-side analysts expect that Knight-Swift Transportation Holdings Inc will post 2.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, August 30th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 9.38%.

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.

Further Reading: What is the Quick Ratio?

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

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