Stifel Financial Corp Boosts Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Stifel Financial Corp increased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,408 shares of the transportation company’s stock after purchasing an additional 1,407 shares during the quarter. Stifel Financial Corp’s holdings in Knight-Swift Transportation were worth $1,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Interval Partners LP grew its holdings in Knight-Swift Transportation by 8,520.1% during the 2nd quarter. Interval Partners LP now owns 1,293,011 shares of the transportation company’s stock valued at $64,547,000 after buying an additional 1,278,011 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Knight-Swift Transportation by 1,728.8% during the second quarter. Thrivent Financial for Lutherans now owns 1,330,934 shares of the transportation company’s stock valued at $66,440,000 after acquiring an additional 1,258,157 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Knight-Swift Transportation by 27.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock worth $271,121,000 after acquiring an additional 1,176,069 shares during the period. Millennium Management LLC lifted its stake in Knight-Swift Transportation by 309.7% in the 2nd quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company’s stock worth $53,331,000 after purchasing an additional 807,572 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Knight-Swift Transportation by 10.9% in the 2nd quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock worth $379,133,000 after purchasing an additional 744,412 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Insider Transactions at Knight-Swift Transportation

In related news, Chairman Kevin P. Knight sold 29,779 shares of Knight-Swift Transportation 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ploeg David Vander sold 500 shares of the company’s 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 completion of the transaction, the director now owns 30,729 shares of the company’s stock, valued at $1,754,625.90. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Knight-Swift Transportation Trading Down 0.6 %

Shares of KNX stock opened at $51.95 on Friday. The business has a 50-day moving average of $55.24 and a 200 day moving average of $52.44. 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 Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $60.99. The stock has a market capitalization of $8.41 billion, a PE ratio of 225.88, a P/E/G ratio of 1.89 and a beta of 0.96.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (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 firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business earned $0.41 earnings per share. The business’s revenue was down 7.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 278.26%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KNX. TD Cowen upped their price target on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI upped their target price on Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Stifel Nicolaus lifted their price target on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Susquehanna upped their price objective on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Finally, The Goldman Sachs Group lifted their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Hold” and an average 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.