Jane Street Group LLC Has $3.77 Million Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Jane Street Group LLC increased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 30.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,907 shares of the transportation company’s stock after acquiring an additional 16,500 shares during the quarter. Jane Street Group LLC’s holdings in Knight-Swift Transportation were worth $3,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators lifted its position in shares of Knight-Swift Transportation by 87.2% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after purchasing an additional 348 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings 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 worth $45,000 after buying an additional 200 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 buying an additional 579 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Knight-Swift Transportation by 36.6% in the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 302 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of Knight-Swift Transportation by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock worth $62,000 after acquiring an additional 292 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Down 2.7 %

Shares of KNX opened at $52.48 on Thursday. The business’s 50 day simple moving average is $55.18 and its 200-day simple moving average is $52.42. 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 market capitalization of $8.50 billion, a P/E ratio of 228.18, a PEG ratio of 1.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01.

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

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.22%. The ex-dividend date is Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 278.26%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on KNX shares. Citigroup downgraded shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target for the company. in a report on Tuesday, November 12th. Susquehanna lifted their target price on Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. TD Cowen upped their price target on Knight-Swift Transportation from $55.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI lifted their price objective on Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Finally, Raymond James boosted their price objective on 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $57.00.

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.