Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock Holdings Lifted by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. raised its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 31.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,570 shares of the transportation company’s stock after buying an additional 1,570 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Knight-Swift Transportation were worth $328,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC bought a new position in shares of Knight-Swift Transportation in the first quarter valued at $25,000. GAMMA Investing LLC increased its holdings in shares of Knight-Swift Transportation by 67.5% in the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after buying an additional 253 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Knight-Swift Transportation by 3,461.9% in the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock valued at $37,000 after buying an additional 727 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Knight-Swift Transportation by 28.6% in the second 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 in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Knight-Swift Transportation by 168.3% in the second quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock valued at $51,000 after buying an additional 579 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Analysts Set New Price Targets

KNX has been the topic of several research analyst reports. Raymond James lowered their price objective on shares of 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. Barclays lifted their price objective on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. TD Cowen lifted 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 report on Thursday, July 25th. Wells Fargo & Company initiated 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, July 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 company. According to MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus price target of $57.14.

Knight-Swift Transportation Trading Down 2.0 %

Shares of NYSE:KNX opened at $52.21 on Friday. The stock has a market capitalization of $8.44 billion, a PE ratio of 77.93, a P/E/G ratio of 1.43 and a beta of 0.93. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $60.99. The firm has a fifty day moving average price of $51.99 and a 200 day moving average price of $50.72. 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 (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.1 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

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

Insiders Place Their Bets

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 5,696 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total transaction of $304,679.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.32, for a total transaction of $133,300.00. Following the completion of the transaction, the director now owns 21,833 shares of the company’s stock, valued at approximately $1,164,135.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael K. Liu sold 5,696 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total transaction of $304,679.04. 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 in the last quarter. Insiders own 3.00% of the company’s stock.

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.