Great West Life Assurance Co. may reduce its stake in Knight-Swift Transportation Holdings Inc. (NYSE: KNX – Get an estimate) by 41.0% in the third quarter, according to the company’s most recent Form 13F filing with the SEC. The institutional investor owned 291,853 shares of the transportation company’s stock after selling 202,408 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.18% of Knight-Swift Transportation worth $14,269,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in this business. Assetmark Inc. boosted its holdings in shares of Knight-Swift Transportation by 19.8% in the third quarter. Assetmark Inc. now owns 738,343 shares of the transportation company’s stock valued at $36,127,000 after purchasing an additional 122,066 shares in the last quarter. Atria Investments LLC boosted its holdings in shares of Knight-Swift Transportation by 2.6% in the third quarter. Atria Investments LLC now owns 47,409 shares of the transportation company’s stock worth $2,320,000 after buying an additional 1,184 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Knight-Swift Transportation by 16.9% in the third quarter. Benjamin Edwards Inc. now owns 10,605 shares of the transportation company’s stock valued at $519,000 after buying an additional 1,535 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of Knight-Swift Transportation by 58.9% in the third quarter. GHP Investment Advisors Inc. now owns 16,668 shares of the transportation company’s stock valued at $816,000 after buying an additional 6,179 shares in the last quarter. Finally, Keybank National Association OH acquired a new stake in shares of Knight-Swift Transportation in the third quarter valued at $207,000. 89.95% of shares are currently owned by institutional investors and hedge funds.
Knight-Swift transport trade down 0.2%
NYSE: KNX opened at $56.20 on Thursday. Knight-Swift Transportation Holdings Inc. the fifty-two week low is $42.50 and the fifty-two week high is $58.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62, and a quick ratio of 1.62. The stock has a market capitalization of $9.03 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.86 and a beta of 1.17. The company’s 50 day simple moving average is $54.40 and the 200 day simple moving average is $51.80.
Knight-Swift transport (NYSE: KNX – Get an estimate) last released its quarterly earnings data on Wednesday, October 19th. The transportation company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.06). Knight-Swift Transportation had a net margin of 11.69% and a return on equity of 13.98%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company earned $1.30 EPS. The company’s quarterly turnover grew by 15.5% year-on-year. Sell-side analysts expect that Knight-Swift Transportation Holdings Inc. earns 5.17 earnings per share in the current fiscal year.
Knight-Swift Transportation Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Monday, December 5th were paid a dividend of $0.12 per share. This translates to an annualized dividend of $0.48 and a dividend yield of 0.85%. The ex-dividend date was Friday, December 2nd. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 9.01%.
Changes in analyst ratings
A number of brokerages have recently weighed in on KNX. KeyCorp reduced their target price on Knight-Swift Transportation from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, October 20th. StockNews.com initiated coverage on Knight-Swift Transportation in a research report on Wednesday, October 12th. They gave the company a “hold” rating. Morgan Stanley boosted their price objective on Knight-Swift Transportation from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 11th. Susquehanna downgraded Knight-Swift Transportation from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $63.00 to $60.00 in a research report on Monday, January 9th. Finally, Evercore ISI reduced their price objective on Knight-Swift Transportation from $59.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, October 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Knight-Swift Transportation presently has an average rating of “Moderate Buy” and a consensus price target of $60.56, according to MarketBeat.com .
Knight-Swift transport profile
Knight-Swift Transportation Holdings, Inc. is engaged in providing multi-truckload transportation and logistics services. It operates through the following business segments: Freight, Logistics and Intermodal. The freight segment includes irregular routes and special, refrigerated, express, platform and cross-border operations.
Want to see what other hedge funds are holding KNX? Visit HoldingsChannel.com to become Knight-Swift Transportation Holdings Inc. most recent 13F filings and insider transactions (NYSE: KNX – Get an estimate).
This breaking news alert was created using MarketBeat’s narrative research technology and financial data to provide readers with the fastest and most accurate reporting. MarketBeat editorial staff reviewed this story prior to publication. Please direct any questions or comments about this story to firstname.lastname@example.org.
Before you consider Knight-Swift Transportation, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and best-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified five shares that top analysts are quietly whispering to their clients to buy now before the broader market kicks in… and Knight-Swift Transportation was not on the list.
While Knight-Swift Transportation currently has a Moderate Buy rating among analysts, the top rated analysts believe these five stocks are better buys.