Mutual of America Capital Management LLC Has $4.62 Million Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Mutual of America Capital Management LLC lessened its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,531 shares of the transportation company’s stock after selling 3,630 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Knight-Swift Transportation worth $4,619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in KNX. Primecap Management Co. CA boosted its holdings in shares of Knight-Swift Transportation by 7.3% in the 2nd quarter. Primecap Management Co. CA now owns 183,200 shares of the transportation company’s stock valued at $9,145,000 after purchasing an additional 12,500 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Knight-Swift Transportation by 66.1% in the second quarter. Renaissance Technologies LLC now owns 86,727 shares of the transportation company’s stock valued at $4,329,000 after buying an additional 34,500 shares in the last quarter. Dimensional Fund Advisors LP grew its position in 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 valued at $271,121,000 after acquiring an additional 1,176,069 shares during the last quarter. Black Diamond Financial LLC acquired a new position in Knight-Swift Transportation during the second quarter worth about $257,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of 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 acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Down 2.0 %

Shares of NYSE:KNX opened at $52.21 on Friday. The business’s 50-day moving average is $51.99 and its 200-day moving average is $50.72. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $60.99. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last announced 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). Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the business earned $0.49 EPS. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. Equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.1 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America upped their price objective on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. TD Cowen upped their price target on shares of Knight-Swift Transportation from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Wolfe Research downgraded Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Raymond James lowered their target price 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. Finally, Evercore ISI cut their price target on Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.14.

Insider Buying and Selling

In other news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the transaction, the director now directly owns 21,833 shares of the company’s stock, valued at $1,164,135.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. sold 2,500 shares of Knight-Swift Transportation stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the completion of the transaction, the director now owns 21,833 shares in the company, valued at approximately $1,164,135.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael K. Liu sold 5,696 shares of Knight-Swift Transportation stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total value of $304,679.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,196 shares of company stock valued at $4,367,869. 3.00% of the stock is owned by company insiders.

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.