7,001 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,001 shares of the transportation company’s stock, valued at approximately $378,000.

A number of other large investors also recently bought and sold shares of KNX. Victory Capital Management Inc. grew its holdings in Knight-Swift Transportation by 10.9% in the 2nd quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock worth $379,133,000 after buying an additional 744,412 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Knight-Swift Transportation by 27.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock worth $271,121,000 after acquiring an additional 1,176,069 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Knight-Swift Transportation by 13.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company’s stock worth $219,870,000 after acquiring an additional 467,647 shares in the last quarter. Ceredex Value Advisors LLC raised its holdings in shares of Knight-Swift Transportation by 3.6% during the second quarter. Ceredex Value Advisors LLC now owns 1,637,206 shares of the transportation company’s stock valued at $81,729,000 after acquiring an additional 57,493 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in shares of Knight-Swift Transportation by 1,728.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,330,934 shares of the transportation company’s stock valued at $66,440,000 after acquiring an additional 1,258,157 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 0.4 %

KNX stock opened at $56.21 on Friday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week high of $60.99. The company has a market capitalization of $9.10 billion, a PE ratio of 244.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The company’s 50-day simple moving average is $53.49 and its 200 day simple moving average is $51.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue was down 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, December 6th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, December 6th. Knight-Swift Transportation’s payout ratio is 278.27%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KNX shares. Raymond James upped their target price on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Barclays increased their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 25th. Bank of America lifted their price objective on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group dropped their target price on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $56.38.

Insider Transactions at Knight-Swift Transportation

In related news, Director Ploeg David Vander sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the transaction, the director now owns 30,729 shares in the company, valued at $1,754,625.90. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

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.