Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Acquired by Atria Investments Inc

Atria Investments Inc grew its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,447 shares of the transportation company’s stock after purchasing an additional 779 shares during the quarter. Atria Investments Inc’s holdings in Knight-Swift Transportation were worth $2,020,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KNX. Virtu Financial LLC bought a new stake in shares of Knight-Swift Transportation in the 1st quarter worth about $1,935,000. Wedge Capital Management L L P NC raised its stake in Knight-Swift Transportation by 9.0% during the second quarter. Wedge Capital Management L L P NC now owns 263,033 shares of the transportation company’s stock valued at $13,131,000 after buying an additional 21,689 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Knight-Swift Transportation by 21.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,821 shares of the transportation company’s stock worth $4,942,000 after buying an additional 15,600 shares during the last quarter. Swedbank AB bought a new stake in shares of Knight-Swift Transportation in the 1st quarter valued at approximately $3,162,000. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Knight-Swift Transportation by 12.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 133,178 shares of the transportation company’s stock valued at $7,328,000 after acquiring an additional 15,040 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Down 2.1 %

Shares of NYSE:KNX opened at $55.91 on Friday. The firm has a market cap of $9.05 billion, a P/E ratio of 243.10, a P/E/G ratio of 2.06 and a beta of 0.93. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $60.99. The company has a 50 day moving average of $52.87 and a 200-day moving average of $50.91.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The company’s revenue was down 7.1% on a year-over-year basis. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 6th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 278.27%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday. StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a research note on Thursday, July 25th. The Goldman Sachs Group decreased their target price on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, Citigroup downgraded Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.38.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Director Ploeg David Vander sold 500 shares of the stock in a transaction 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 transaction, the director now owns 30,729 shares in the company, valued at $1,754,625.90. This represents a 1.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

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.