American Century Companies Inc. Increases Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

American Century Companies Inc. grew its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,219,696 shares of the transportation company’s stock after purchasing an additional 59,341 shares during the period. American Century Companies Inc.’s holdings in Knight-Swift Transportation were worth $60,887,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC bought a new position in Knight-Swift Transportation during the first quarter valued at about $25,000. GAMMA Investing LLC grew its position in Knight-Swift Transportation by 67.5% during the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after buying an additional 253 shares during the period. Versant Capital Management Inc boosted its position in Knight-Swift Transportation by 3,461.9% during the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock worth $37,000 after purchasing an additional 727 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in Knight-Swift Transportation by 50.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock worth $51,000 after purchasing an additional 343 shares during the period. Finally, Blue Trust Inc. boosted its position in Knight-Swift Transportation by 168.3% during the second quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock worth $51,000 after purchasing an additional 579 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Insider Activity

In other news, Chairman Kevin P. Knight sold 30,000 shares of Knight-Swift Transportation stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $50.33, for a total value of $1,509,900.00. Following the completion of the transaction, the chairman now owns 1,467,360 shares of the company’s stock, valued at approximately $73,852,228.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Chairman Kevin P. Knight sold 30,000 shares of Knight-Swift Transportation stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $50.33, for a total value of $1,509,900.00. Following the completion of the transaction, the chairman now owns 1,467,360 shares of the company’s stock, valued at approximately $73,852,228.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Garnreiter sold 2,000 shares of Knight-Swift Transportation stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total value of $101,140.00. Following the completion of the transaction, the director now directly owns 17,648 shares of the company’s stock, valued at approximately $892,459.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,196 shares of company stock worth $4,367,869. Corporate insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $52.80 on Monday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $60.99. The stock has a market cap of $8.53 billion, a PE ratio of 78.81, a price-to-earnings-growth ratio of 1.42 and a beta of 0.93. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average price is $51.64 and its 200-day moving average price is $50.78.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm posted $0.49 EPS. The business’s quarterly revenue was up 18.9% on a year-over-year basis. On average, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.1 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 6th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a research report on Thursday, July 25th. Barclays increased their target price on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. increased their target price on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Bank of America increased their price target on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Raymond James lowered their price target on shares of Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating on the stock in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $57.14.

Knight-Swift Transportation 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.