Inspire Investing LLC Grows Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Inspire Investing LLC increased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,025 shares of the transportation company’s stock after buying an additional 525 shares during the quarter. Inspire Investing LLC’s holdings in Knight-Swift Transportation were worth $351,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC bought a new stake in shares of Knight-Swift Transportation in the 1st quarter worth about $25,000. GAMMA Investing LLC raised its position in Knight-Swift Transportation by 67.5% in the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after purchasing an additional 253 shares during the period. Versant Capital Management Inc lifted its stake in 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 worth $37,000 after purchasing an additional 727 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of 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 buying an additional 200 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of 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 buying an additional 343 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Insider Activity

In related news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $1,164,135.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $53.32, for a total value of $133,300.00. Following the completion of the sale, the director now directly owns 21,833 shares in the company, valued at $1,164,135.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Kevin P. Knight sold 45,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was 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 in the company, valued at approximately $73,294,210.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,196 shares of company stock worth $4,367,869. Corporate insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Up 0.7 %

Knight-Swift Transportation stock opened at $52.57 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The firm has a market cap of $8.50 billion, a P/E ratio of 78.46, a P/E/G ratio of 1.43 and a beta of 0.93. The business has a fifty day moving average of $52.03 and a two-hundred day moving average of $50.66. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data 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 company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.1 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 6th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio is currently 95.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KNX shares. Raymond James decreased their price target 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. Wells Fargo & Company started coverage on shares of Knight-Swift Transportation in a report on Friday, June 7th. They issued an “overweight” rating and a $56.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective 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. Evercore ISI dropped their target price on shares of 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. Finally, TD Cowen lifted their price target on shares of Knight-Swift Transportation from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.14.

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.