Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,488,641 shares of the transportation company’s stock after selling 231,378 shares during the period. Ensign Peak Advisors Inc owned approximately 0.92% of Knight-Swift Transportation worth $74,313,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KNX. Tower Research Capital LLC TRC raised its stake in Knight-Swift Transportation by 583.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 33,165 shares of the transportation company’s stock worth $1,912,000 after purchasing an additional 28,309 shares during the period. Wellington Management Group LLP boosted its holdings in Knight-Swift Transportation by 15.7% in the fourth quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock valued at $906,016,000 after acquiring an additional 2,137,296 shares during the last quarter. V Square Quantitative Management LLC grew its position in Knight-Swift Transportation by 63.8% during the fourth quarter. V Square Quantitative Management LLC now owns 1,697 shares of the transportation company’s stock valued at $98,000 after acquiring an additional 661 shares during the period. Duality Advisers LP increased its stake in Knight-Swift Transportation by 1,686.4% during the first quarter. Duality Advisers LP now owns 66,098 shares of the transportation company’s stock worth $3,637,000 after acquiring an additional 62,398 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new position in shares of Knight-Swift Transportation in the 4th quarter worth about $2,240,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Trading Down 2.0 %

Shares of KNX opened at $52.21 on Friday. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $60.99. The stock has a 50-day moving average price of $51.99 and a 200 day moving average price of $50.72. 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 capitalization of $8.44 billion, a P/E ratio of 77.93, a P/E/G ratio of 1.43 and a beta of 0.93.

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

Knight-Swift Transportation Dividend Announcement

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

Insider Activity

In related news, Chairman Kevin P. Knight sold 30,000 shares of Knight-Swift Transportation stock in a transaction dated 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 transaction, the chairman now directly owns 1,467,360 shares in the company, valued at $73,852,228.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the sale, the director now directly owns 21,833 shares of the company’s stock, valued at approximately $1,164,135.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Kevin P. Knight sold 30,000 shares of Knight-Swift Transportation stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the completion of the transaction, the chairman now directly owns 1,467,360 shares of the company’s stock, valued at approximately $73,852,228.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,196 shares of company stock worth $4,367,869. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KNX has been the topic of several research analyst reports. UBS Group reduced their price objective on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. TD Cowen boosted their price objective on shares of Knight-Swift Transportation from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Bank of America increased their price objective on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. lifted their target price on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, Evercore ISI lowered their price target on Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.14.

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.