1,637 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Bought by Quest Partners LLC

Quest Partners LLC bought a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 1,637 shares of the transportation company’s stock, valued at approximately $88,000.

A number of other large investors also recently added to or reduced their stakes in KNX. Versant Capital Management Inc raised its position in Knight-Swift Transportation by 3,461.9% in the 2nd 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. Deseret Mutual Benefit Administrators increased its position in shares of Knight-Swift Transportation by 87.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 348 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Knight-Swift Transportation by 28.6% in the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 200 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Knight-Swift Transportation by 50.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 343 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Knight-Swift Transportation by 168.3% in the second quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 579 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KNX shares. Barclays boosted their price objective on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Raymond James boosted their price objective on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Monday, October 14th. The Goldman Sachs Group decreased their price objective on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Bank of America boosted their price objective on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Susquehanna boosted their price objective on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.38.

Insider Buying and Selling

In other news, Chairman Kevin P. Knight sold 29,779 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ploeg David Vander sold 500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the transaction, the director now owns 30,729 shares in the company, valued at approximately $1,754,625.90. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Knight-Swift Transportation Trading Up 0.5 %

NYSE:KNX opened at $59.36 on Friday. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $60.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50-day simple moving average is $54.25 and its 200 day simple moving average is $51.69. The firm has a market capitalization of $9.61 billion, a P/E ratio of 258.09, a PEG ratio of 2.02 and a beta of 0.93.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Knight-Swift Transportation’s quarterly revenue was down 7.1% on a year-over-year basis. As a group, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, December 6th. Knight-Swift Transportation’s payout ratio is currently 278.26%.

Knight-Swift Transportation Company 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.