Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 6.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,691 shares of the transportation company’s stock after purchasing an additional 407 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Knight-Swift Transportation were worth $334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNX. Rise Advisors LLC acquired a new stake in Knight-Swift Transportation in the first quarter worth about $25,000. GAMMA Investing LLC raised 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 purchasing an additional 253 shares during the last quarter. Versant Capital Management Inc boosted its stake in Knight-Swift Transportation by 3,461.9% in the 2nd quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock worth $37,000 after purchasing an additional 727 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Knight-Swift Transportation by 28.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after purchasing an additional 200 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Knight-Swift Transportation by 168.3% during the 2nd quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 579 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KNX shares. Wolfe Research lowered shares of Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Evercore ISI dropped their price target on Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Raymond James reduced their price objective on Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating for the company in a research note on Thursday, July 25th. Barclays upped their target price 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. Finally, StockNews.com raised shares of Knight-Swift Transportation to a “sell” rating in a research 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 issued a strong buy rating to the company. Based on data from MarketBeat, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average price target of $57.14.

Knight-Swift Transportation Stock Down 2.0 %

KNX opened at $52.21 on Friday. The company has a fifty day moving average of $51.99 and a two-hundred day moving average of $50.72. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 77.93, a PEG ratio of 1.43 and a beta of 0.93. 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.

Knight-Swift Transportation (NYSE:KNX) last released 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 business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company posted $0.49 EPS. The business’s revenue for the quarter 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 year.

Knight-Swift Transportation Dividend Announcement

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

Insider Buying and Selling

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

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.