Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lowered its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 48.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 640 shares of the transportation company’s stock after selling 601 shares during the quarter. National Bank of Canada FI’s holdings in Knight-Swift Transportation were worth $32,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in shares of Knight-Swift Transportation during the 1st quarter worth $25,000. GAMMA Investing LLC increased its stake in Knight-Swift Transportation by 67.5% in the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 253 shares during the last quarter. Versant Capital Management Inc lifted 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 buying an additional 727 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Knight-Swift Transportation by 50.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock worth $51,000 after buying an additional 343 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Knight-Swift Transportation by 168.3% in the 2nd quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock valued at $51,000 after buying an additional 579 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $52.80 on Monday. The company’s fifty day moving average price is $51.64 and its two-hundred day moving average price is $50.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $8.55 billion, a P/E ratio of 78.81, a P/E/G ratio of 1.42 and a beta of 0.93. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.1 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, September 6th will be issued a $0.16 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.64 annualized dividend and a yield of 1.21%. Knight-Swift Transportation’s dividend payout ratio is presently 95.52%.

Insider Buying and Selling at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 5,696 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total value of $304,679.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the sale, the director now directly owns 21,833 shares of the company’s stock, valued at approximately $1,164,135.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael K. Liu sold 5,696 shares of Knight-Swift Transportation stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total transaction of $304,679.04. The disclosure for this sale can be found here. Insiders have sold 85,196 shares of company stock worth $4,367,869 in the last ninety days. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of Knight-Swift Transportation from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Bank of America lifted their price target on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the company a “buy” rating in a report on Monday, July 22nd. StockNews.com raised Knight-Swift Transportation to a “sell” rating in a research report on Thursday, July 25th. Evercore ISI lowered their price target on Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. Finally, Wolfe Research downgraded Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.