Knight-Swift Transportation Holdings Inc. $KNX Shares Newly Acquired by Glenview Trust Co

Glenview Trust Co purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 86,827 shares of the transportation company’s stock, valued at approximately $5,521,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNX. Parcion Private Wealth LLC raised its stake in shares of Knight-Swift Transportation by 23.3% during the third quarter. Parcion Private Wealth LLC now owns 4,370 shares of the transportation company’s stock worth $278,000 after purchasing an additional 825 shares during the last quarter. Soltis Investment Advisors LLC acquired a new stake in shares of Knight-Swift Transportation in the 3rd quarter worth $207,000. North Dakota State Investment Board increased its stake in shares of Knight-Swift Transportation by 3.4% during the third quarter. North Dakota State Investment Board now owns 4,842 shares of the transportation company’s stock worth $308,000 after acquiring an additional 160 shares during the period. VestGen Advisors LLC raised its holdings in Knight-Swift Transportation by 6.1% during the third quarter. VestGen Advisors LLC now owns 4,764 shares of the transportation company’s stock worth $303,000 after purchasing an additional 274 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in Knight-Swift Transportation by 18.5% in the third quarter. Apollon Wealth Management LLC now owns 3,147 shares of the transportation company’s stock valued at $200,000 after purchasing an additional 491 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Knight-Swift Transportation

In other news, Director David Vander Ploeg sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total value of $115,126.00. Following the completion of the transaction, the director owned 30,252 shares of the company’s stock, valued at $1,583,087.16. The trade was a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Reid Dove sold 126,864 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 171,354 shares of company stock valued at $12,416,002. 2.90% of the stock is currently owned by company insiders.

Knight-Swift Transportation Trading Down 0.8%

Shares of KNX opened at $60.65 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.91 and a quick ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a 1-year low of $41.24 and a 1-year high of $82.86. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 65.22, a price-to-earnings-growth ratio of 0.50 and a beta of 1.21. The firm has a 50 day simple moving average of $65.80 and a 200-day simple moving average of $65.94.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, October 21st. The transportation company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.16 billion. Knight-Swift Transportation had a return on equity of 4.71% and a net margin of 1.92%. Knight-Swift Transportation’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. Equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.45 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 4th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 86.02%.

Wall Street Analyst Weigh In

KNX has been the topic of a number of analyst reports. Benchmark lifted their price target on Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. TD Cowen increased their price target on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings upgraded shares of Knight-Swift Transportation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. UBS Group reaffirmed a “buy” rating on shares of Knight-Swift Transportation in a report on Thursday, October 22nd. Finally, Citigroup restated a “market outperform” rating on shares of Knight-Swift Transportation in a report on Thursday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.22.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. The company operates one of the largest truckload fleets in the United States and serves a broad range of industries through its network of company-owned equipment, independent contractors, terminals and distribution facilities.

Its services include dry-van, refrigerated and flatbed truckload transportation; dedicated and expedited delivery; less-than-truckload shipping; freight brokerage; intermodal transportation; cross-border logistics; and warehousing and other supply-chain services.