Daiwa Securities Group Inc. Has $658,000 Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Daiwa Securities Group Inc. raised its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 9.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,197 shares of the transportation company’s stock after buying an additional 1,100 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Knight-Swift Transportation were worth $658,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 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 valued at $37,000 after buying an additional 727 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of Knight-Swift Transportation by 87.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after acquiring an additional 348 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Knight-Swift Transportation by 28.6% during the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 200 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of 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 valued at $51,000 after purchasing an additional 343 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings 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 last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Up 0.5 %

KNX stock opened at $59.36 on Friday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $60.99. The firm has a market capitalization of $9.61 billion, a PE ratio of 258.09, a PEG ratio of 2.02 and a beta of 0.93. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $54.25 and a two-hundred day simple moving average of $51.70.

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

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be given 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 278.26%.

Insiders Place Their Bets

In other news, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction 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 document filed with the SEC, which is available at this hyperlink. Also, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction 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 sale, the director now directly owns 30,729 shares of the company’s stock, valued at $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

KNX has been the topic of several recent analyst reports. TD Cowen lifted their target price on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group cut their price objective on 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. Stifel Nicolaus upped their price objective on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Susquehanna raised their target price on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Finally, Raymond James increased their price target 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $56.38.

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.