Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lessened its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 85.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,067 shares of the transportation company’s stock after selling 34,691 shares during the quarter. Hancock Whitney Corp’s holdings in Knight-Swift Transportation were worth $303,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in shares of Knight-Swift Transportation during the 1st quarter worth about $25,000. GAMMA Investing LLC increased its stake in Knight-Swift Transportation by 67.5% during the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after buying an additional 253 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Knight-Swift Transportation by 3,461.9% during the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 727 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position 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 acquiring an additional 200 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Knight-Swift Transportation by 50.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock worth $51,000 after acquiring an additional 343 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $52.57 on Tuesday. The firm has a market cap of $8.50 billion, a PE ratio of 78.46, a price-to-earnings-growth ratio of 1.43 and a beta of 0.93. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week high of $60.99. The business’s fifty day simple moving average is $52.03 and its 200-day simple moving average is $50.66.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate 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 period last year, the business earned $0.49 EPS. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. Equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.1 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

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

Insider Transactions at Knight-Swift Transportation

In related 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 transaction of $133,300.00. Following 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 filing with the SEC, which is available through this hyperlink. 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 shares were 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 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 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. Insiders sold a total of 85,196 shares of company stock worth $4,367,869 over the last ninety days. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

KNX has been the topic of a number of research reports. UBS Group decreased their price objective on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Raymond James lowered their price target 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 increased their price objective on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their target price on Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Wolfe Research cut Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.14.

Knight-Swift Transportation 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.