MQS Management LLC Purchases 250 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

MQS Management LLC grew its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,981 shares of the transportation company’s stock after acquiring an additional 250 shares during the period. MQS Management LLC’s holdings in Knight-Swift Transportation were worth $348,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KNX. Rise Advisors LLC bought a new stake in Knight-Swift Transportation in the first quarter valued at $25,000. GAMMA Investing LLC boosted its stake in shares of Knight-Swift Transportation by 67.5% during the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 253 shares in the last quarter. Versant Capital Management Inc increased its position 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 buying an additional 727 shares during the period. Brown Brothers Harriman & Co. raised its stake in Knight-Swift Transportation by 28.6% in the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after buying an additional 200 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in 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 buying an additional 343 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $52.21 on Friday. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $60.99. The business’s fifty day simple moving average is $51.99 and its two-hundred day simple moving average is $50.75. 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 company has a market cap of $8.44 billion, a price-to-earnings ratio of 77.93, a P/E/G ratio of 1.43 and a beta of 0.93.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data 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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. Knight-Swift Transportation’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. Research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.1 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, September 6th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio is currently 95.52%.

Insiders Place Their Bets

In other news, Director Michael Garnreiter sold 2,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total transaction of $101,140.00. Following the transaction, the director now directly owns 17,648 shares of the company’s stock, valued at approximately $892,459.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Michael K. Liu sold 5,696 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total transaction of $304,679.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Garnreiter sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total transaction of $101,140.00. Following the completion of the transaction, the director now owns 17,648 shares in the company, valued at approximately $892,459.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,196 shares of company stock valued at $4,367,869. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KNX shares. Bank of America upped their target price on Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Barclays increased their price objective on Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Raymond James dropped their target price on shares of Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company initiated coverage on shares of Knight-Swift Transportation in a research note on Friday, June 7th. They set an “overweight” rating and a $56.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.