GAMMA Investing LLC Acquires 302 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

GAMMA Investing LLC raised its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 36.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,127 shares of the transportation company’s stock after acquiring an additional 302 shares during the quarter. GAMMA Investing LLC’s holdings in Knight-Swift Transportation were worth $61,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Rise Advisors LLC purchased a new position in shares of Knight-Swift Transportation during the first quarter valued at about $25,000. Versant Capital Management Inc grew 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 purchasing an additional 727 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Knight-Swift Transportation by 28.6% during the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 200 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Knight-Swift Transportation by 50.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 343 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Knight-Swift Transportation by 168.3% during the second quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 579 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Michael Garnreiter sold 2,000 shares of the company’s 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 completion of the sale, the director now owns 17,648 shares in the company, valued at $892,459.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Knight-Swift Transportation news, EVP Michael K. Liu sold 5,696 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was 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 accessible through this link. Also, 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 value of $101,140.00. Following the sale, the director now owns 17,648 shares of the company’s stock, valued at approximately $892,459.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,196 shares of company stock worth $4,367,869 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock opened at $53.41 on Thursday. The company has a 50 day moving average price of $52.21 and a 200-day moving average price of $50.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The company has a market capitalization of $8.63 billion, a PE ratio of 79.72, a P/E/G ratio of 1.41 and a beta of 0.92.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the firm posted $0.49 EPS. The business’s revenue was up 18.9% on a year-over-year basis. As a group, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.08 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 95.52%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com upgraded Knight-Swift Transportation to a “sell” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. TD Cowen lifted their price target on Knight-Swift Transportation from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Raymond James lifted their price target on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Monday. Finally, Evercore ISI dropped 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 report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.88.

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.