Stifel Financial Corp Purchases 1,407 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Stifel Financial Corp increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,408 shares of the transportation company’s stock after buying an additional 1,407 shares during the period. Stifel Financial Corp’s holdings in Knight-Swift Transportation were worth $1,641,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Knight-Swift Transportation in the 3rd quarter worth about $3,729,000. Charles Schwab Investment Management Inc. increased its holdings in Knight-Swift Transportation by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock worth $61,878,000 after purchasing an additional 26,346 shares in the last quarter. Paloma Partners Management Co increased its holdings in Knight-Swift Transportation by 681.6% in the third quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock worth $3,237,000 after purchasing an additional 52,323 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Knight-Swift Transportation by 116.1% in the third quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company’s stock valued at $7,056,000 after buying an additional 70,276 shares during the period. Finally, Verition Fund Management LLC boosted its holdings in shares of Knight-Swift Transportation by 77.2% during the 3rd quarter. Verition Fund Management LLC now owns 109,665 shares of the transportation company’s stock worth $5,916,000 after buying an additional 47,785 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

KNX has been the topic of a number of research reports. Citigroup downgraded shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price on the stock. in a research report on Tuesday, November 12th. Evercore ISI upped their price objective on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Barclays raised their target price on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Raymond James upped their price target on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 14th. Finally, Stifel Nicolaus increased their price target on Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Two research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $57.00.

Knight-Swift Transportation Trading Down 0.6 %

NYSE:KNX opened at $51.95 on Friday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week high of $60.99. The firm has a 50-day moving average price of $55.24 and a two-hundred day moving average price of $52.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 225.88, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS 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 company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the business posted $0.41 earnings per share. Knight-Swift Transportation’s revenue was down 7.1% on a year-over-year basis. On average, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.64 annualized dividend and a yield of 1.23%. Knight-Swift Transportation’s payout ratio is currently 278.26%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 29,779 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ploeg David Vander sold 500 shares of the business’s stock in a transaction 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 sale, the director now owns 30,729 shares in the company, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

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.