Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,525 shares of the transportation company’s stock after purchasing an additional 3,527 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Knight-Swift Transportation were worth $3,670,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KNX. Tower Research Capital LLC TRC boosted its position in shares of Knight-Swift Transportation by 583.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 33,165 shares of the transportation company’s stock worth $1,912,000 after acquiring an additional 28,309 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Knight-Swift Transportation by 15.7% in the fourth quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock valued at $906,016,000 after purchasing an additional 2,137,296 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Knight-Swift Transportation by 63.8% in the fourth quarter. V Square Quantitative Management LLC now owns 1,697 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 661 shares during the last quarter. Duality Advisers LP raised its holdings in Knight-Swift Transportation by 1,686.4% during the first quarter. Duality Advisers LP now owns 66,098 shares of the transportation company’s stock worth $3,637,000 after purchasing an additional 62,398 shares in the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in shares of Knight-Swift Transportation during the 4th quarter worth approximately $2,240,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KNX shares. StockNews.com raised Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 25th. Raymond James cut their price target on Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 25th. Barclays increased their price objective on Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Bank of America lifted their target price 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. Finally, Evercore ISI decreased their price target on shares of Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.14.

Insiders Place Their Bets

In other news, Chairman Kevin P. Knight sold 30,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the completion of the sale, the chairman now directly owns 1,467,360 shares in the company, valued at approximately $73,852,228.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 45,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $51.53, for a total value of $2,318,850.00. Following the sale, the chairman now owns 1,422,360 shares of the company’s stock, valued at $73,294,210.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Kevin P. Knight sold 30,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 85,196 shares of company stock worth $4,367,869. 3.00% of the stock is owned by company insiders.

Knight-Swift Transportation Stock Down 0.9 %

KNX opened at $52.30 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. 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 capitalization of $8.45 billion, a P/E ratio of 78.06, a P/E/G ratio of 1.42 and a beta of 0.93. The business has a 50 day simple moving average of $51.70 and a 200-day simple moving average of $50.76.

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

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors 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 yield of 1.22%. The ex-dividend date of this dividend is Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio is currently 95.52%.

About Knight-Swift Transportation

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.