First Eagle Investment Management LLC Purchases 1,100 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

First Eagle Investment Management LLC increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 21.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,335 shares of the transportation company’s stock after acquiring an additional 1,100 shares during the period. First Eagle Investment Management LLC’s holdings in Knight-Swift Transportation were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC grew its position in Knight-Swift Transportation by 0.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 24,633 shares of the transportation company’s stock worth $1,230,000 after acquiring an additional 196 shares during the last quarter. United Services Automobile Association grew its position in shares of Knight-Swift Transportation by 1.6% in the 2nd quarter. United Services Automobile Association now owns 12,770 shares of the transportation company’s stock valued at $637,000 after buying an additional 199 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Knight-Swift Transportation by 28.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock valued at $45,000 after buying an additional 200 shares during the last quarter. Sompo Asset Management Co. Ltd. grew its position in shares of Knight-Swift Transportation by 4.8% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 5,000 shares of the transportation company’s stock valued at $288,000 after buying an additional 230 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Knight-Swift Transportation by 67.5% in the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after buying an additional 253 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on KNX. Raymond James reduced 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. Wolfe Research lowered Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Barclays upped their price target on Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. UBS Group reduced their price target on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Finally, StockNews.com upgraded Knight-Swift Transportation to a “sell” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.14.

Knight-Swift Transportation Stock Down 2.0 %

KNX stock opened at $52.21 on Friday. The stock’s 50 day simple moving average is $51.99 and its 200 day simple moving average is $50.72. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $8.44 billion, a P/E ratio of 77.93, a price-to-earnings-growth ratio of 1.43 and a beta of 0.93.

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

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 6th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Insider Transactions at Knight-Swift Transportation

In other news, Director Michael Garnreiter sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total value of $101,140.00. Following the completion of the sale, the director now directly owns 17,648 shares of the company’s stock, valued at $892,459.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Chairman Kevin P. Knight sold 30,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $50.33, for a total value of $1,509,900.00. Following the completion of the sale, the chairman now directly owns 1,467,360 shares of the company’s stock, valued at $73,852,228.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Garnreiter sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total value of $101,140.00. Following the completion of the transaction, the director now directly owns 17,648 shares of the company’s stock, valued at $892,459.36. The disclosure for this sale can be found here. Insiders sold a total of 85,196 shares of company stock valued at $4,367,869 over the last ninety days. 3.00% of the stock is currently owned by insiders.

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.