Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC lifted its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,597 shares of the transportation company’s stock after acquiring an additional 572 shares during the period. Inspire Investing LLC’s holdings in Knight-Swift Transportation were worth $410,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Country Trust Bank lifted its position in Knight-Swift Transportation by 1.4% in the third quarter. Country Trust Bank now owns 599,849 shares of the transportation company’s stock valued at $32,362,000 after acquiring an additional 8,041 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at about $207,000. New England Research & Management Inc. purchased a new position in Knight-Swift Transportation during the 3rd quarter worth approximately $534,000. GAMMA Investing LLC increased its position in Knight-Swift Transportation by 36.6% during the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after buying an additional 302 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in Knight-Swift Transportation by 1.5% in the third quarter. Handelsbanken Fonder AB now owns 45,900 shares of the transportation company’s stock valued at $2,476,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Michael Garnreiter sold 2,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the sale, the director now directly owns 17,648 shares of the company’s stock, valued at approximately $892,459.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Kevin P. Knight sold 45,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the completion of the transaction, the chairman now directly owns 1,422,360 shares in the company, valued at $73,294,210.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Garnreiter sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total value of $101,140.00. Following the completion of the sale, the director now owns 17,648 shares in the company, valued at $892,459.36. The trade was a 0.00 % decrease in their ownership of the stock. 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 over the last three months. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Trading Up 0.3 %

Knight-Swift Transportation stock opened at $51.95 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $52.21 and a 200 day moving average price of $50.41. The stock has a market cap of $8.41 billion, a PE ratio of 126.71, a P/E/G ratio of 1.44 and a beta of 0.92. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week 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). The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. Knight-Swift Transportation’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 EPS. Equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.07 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 6th were 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 was Friday, September 6th. Knight-Swift Transportation’s payout ratio is currently 156.10%.

Analysts Set New Price Targets

KNX has been the topic of a number of research reports. StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a research report on Thursday, July 25th. Wolfe Research lowered shares of Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Barclays raised their price target on Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. The Goldman Sachs Group decreased their price objective on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Finally, Evercore ISI cut their price target on Knight-Swift Transportation from $55.00 to $49.00 and set an “in-line” rating for the company in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.88.

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.