Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock Holdings Lessened by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 69.2% in the second quarter, Holdings Channel.com reports. The firm owned 50,068 shares of the transportation company’s stock after selling 112,366 shares during the quarter. Squarepoint Ops LLC’s holdings in Knight-Swift Transportation were worth $2,499,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KNX. Rise Advisors LLC bought a new position in Knight-Swift Transportation during the first quarter valued at approximately $25,000. GAMMA Investing LLC raised its position in Knight-Swift Transportation by 67.5% during the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 253 shares in the last quarter. Versant Capital Management Inc raised its position in Knight-Swift Transportation by 3,461.9% during the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 727 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in 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 acquiring an additional 200 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in 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 acquiring an additional 343 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 45,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $51.53, for a total value of $2,318,850.00. Following the sale, the chairman now owns 1,422,360 shares of the company’s stock, valued at approximately $73,294,210.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 45,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $51.53, for a total value of $2,318,850.00. Following the sale, the chairman now owns 1,422,360 shares of the company’s stock, valued at approximately $73,294,210.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Kevin P. Knight sold 30,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the completion of the sale, the chairman now directly owns 1,467,360 shares in the company, valued at approximately $73,852,228.80. The disclosure for this sale can be found here. Insiders have sold 85,196 shares of company stock valued at $4,367,869 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

Knight-Swift Transportation Trading Down 1.4 %

Shares of Knight-Swift Transportation stock opened at $52.02 on Thursday. The company’s fifty day simple moving average is $52.44 and its 200-day simple moving average is $50.56. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 77.64, a PEG ratio of 1.50 and a beta of 0.93. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s revenue was up 18.9% on a year-over-year basis. As a group, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.09 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 6th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KNX shares. Wells Fargo & Company started coverage on shares of Knight-Swift Transportation in a research report on Friday, June 7th. They set an “overweight” rating and a $56.00 price objective on the stock. TD Cowen increased their price target on Knight-Swift Transportation from $47.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Susquehanna increased their price target on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. StockNews.com upgraded Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their price target on Knight-Swift Transportation from $51.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Knight-Swift Transportation 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.