Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 12.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 15,724 shares of the transportation company’s stock after acquiring an additional 1,718 shares during the quarter. Assetmark Inc.’s holdings in Knight-Swift Transportation were worth $848,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in KNX. Interval Partners LP grew its stake in Knight-Swift Transportation by 8,520.1% in the 2nd quarter. Interval Partners LP now owns 1,293,011 shares of the transportation company’s stock valued at $64,547,000 after acquiring an additional 1,278,011 shares during the period. Thrivent Financial for Lutherans boosted its stake in Knight-Swift Transportation by 1,728.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,330,934 shares of the transportation company’s stock worth $66,440,000 after purchasing an additional 1,258,157 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Knight-Swift Transportation by 27.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock worth $271,121,000 after purchasing an additional 1,176,069 shares during the last quarter. Millennium Management LLC boosted its stake in Knight-Swift Transportation by 309.7% during the 2nd quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company’s stock worth $53,331,000 after purchasing an additional 807,572 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Knight-Swift Transportation by 10.9% during the 2nd quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock worth $379,133,000 after purchasing an additional 744,412 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Insider Activity at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 29,779 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ploeg David Vander sold 500 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the sale, the director now directly owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation Stock Down 0.5 %

Shares of NYSE:KNX opened at $55.63 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $9.01 billion, a PE ratio of 242.40, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. The firm’s 50-day moving average is $52.97 and its two-hundred day moving average is $50.94. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. Analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 278.27%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Susquehanna lifted their target price on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Citigroup cut shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price on the stock. in a research note on Tuesday. Bank of America lifted their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Raymond James boosted their price target on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of “Hold” and a consensus price target of $56.38.

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.