Sumitomo Mitsui Trust Holdings Inc. cut its stake in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 548,160 shares of the transportation company’s stock after selling 43,821 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.32% of Knight-Swift Transportation worth $19,898,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Captrust Financial Advisors purchased a new position in Knight-Swift Transportation in the 2nd quarter valued at approximately $25,000. Steward Partners Investment Advisory LLC acquired a new stake in Knight-Swift Transportation during the 2nd quarter valued at $25,000. First National Bank of South Miami acquired a new stake in Knight-Swift Transportation during the 2nd quarter valued at $28,000. Robeco Institutional Asset Management B.V. acquired a new stake in Knight-Swift Transportation during the 2nd quarter valued at $35,000. Finally, Oakworth Capital Inc. acquired a new stake in Knight-Swift Transportation during the 2nd quarter valued at $40,000. 82.98% of the stock is owned by hedge funds and other institutional investors.

KNX stock opened at $37.80 on Friday. Knight-Swift Transportation Holdings Inc has a 52-week low of $23.27 and a 52-week high of $39.37. The stock’s fifty day simple moving average is $36.46 and its 200-day simple moving average is $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 stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.14 and a beta of 1.94.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Knight-Swift Transportation had a return on equity of 7.99% and a net margin of 7.80%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue was down 10.8% on a year-over-year basis. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc will post 2.26 earnings per share for the current fiscal year.

A number of equities research analysts have commented on KNX shares. Stifel Nicolaus reiterated a “hold” rating and set a $40.00 target price (up previously from $39.00) on shares of Knight-Swift Transportation in a report on Thursday, July 25th. Credit Suisse Group set a $30.00 target price on Knight-Swift Transportation and gave the company a “hold” rating in a report on Tuesday, October 15th. Bank of America reiterated a “buy” rating and set a $43.00 target price (up previously from $38.00) on shares of Knight-Swift Transportation in a report on Thursday, July 25th. Citigroup increased their target price on Knight-Swift Transportation from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Susquehanna Bancshares started coverage on Knight-Swift Transportation in a report on Thursday, September 5th. They set a “positive” rating and a $40.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Knight-Swift Transportation has a consensus rating of “Buy” and an average target price of $40.09.

In related news, CAO Cary M. Flanagan sold 3,196 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $38.10, for a total value of $121,767.60. Also, Chairman Kevin P. Knight sold 121,496 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $38.40, for a total value of $4,665,446.40. Insiders have sold 129,034 shares of company stock worth $4,951,289 in the last 90 days. Insiders own 27.50% of the company’s stock.

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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