New England Research & Management Inc. Buys Shares of 9,900 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

New England Research & Management Inc. bought a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,900 shares of the transportation company’s stock, valued at approximately $534,000.

Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of 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 valued at $1,912,000 after acquiring an additional 28,309 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of 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 purchasing an additional 2,137,296 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Knight-Swift Transportation by 63.8% in the fourth quarter. V Square Quantitative Management LLC now owns 1,697 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 661 shares during the last quarter. Duality Advisers LP increased its holdings in shares of Knight-Swift Transportation by 1,686.4% in the first quarter. Duality Advisers LP now owns 66,098 shares of the transportation company’s stock valued at $3,637,000 after purchasing an additional 62,398 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Knight-Swift Transportation in the first quarter valued at approximately $1,935,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 2.3 %

Shares of KNX traded up $1.16 during midday trading on Monday, hitting $51.01. 1,631,757 shares of the stock were exchanged, compared to its average volume of 2,065,338. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $60.99. The stock has a fifty day simple moving average of $52.40 and a 200 day simple moving average of $50.52. The firm has a market cap of $8.26 billion, a P/E ratio of 76.14, a P/E/G ratio of 1.44 and a beta of 0.92. 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 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.09 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 6th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 95.52%.

Wall Street Analysts Forecast Growth

KNX has been the subject of several recent research reports. UBS Group cut their price target on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Raymond James cut their price target on Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating for the company in a report on Thursday, July 25th. StockNews.com upgraded Knight-Swift Transportation to a “sell” rating in a research report on Thursday, July 25th. Barclays increased their price objective on Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Susquehanna increased their price objective on Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, six have issued 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, the company has an average rating of “Moderate Buy” and an average target price of $56.71.

Insiders Place Their Bets

In other news, 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 completion of the sale, the chairman now directly owns 1,422,360 shares of the company’s stock, valued at approximately $73,294,210.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, 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 completion of the sale, the chairman now directly owns 1,422,360 shares of the company’s stock, valued at approximately $73,294,210.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were 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 of the company’s stock, valued at $1,164,135.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,196 shares of company stock valued at $4,367,869 in the last ninety days. 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.