Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Rating) by 37.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,373 shares of the transportation company’s stock after acquiring an additional 2,282 shares during the period. Advisors Asset Management Inc.’s holdings in Knight-Swift Transportation were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of KNX. Geneos Wealth Management Inc. acquired a new stake in shares of Knight-Swift Transportation during the second quarter worth about $28,000. Arlington Partners LLC acquired a new stake in shares of Knight-Swift Transportation during the second quarter worth about $46,000. Brown Brothers Harriman & Co. boosted its stake in shares of Knight-Swift Transportation by 543.2% during the first quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company’s stock worth $47,000 after buying an additional 793 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of Knight-Swift Transportation during the second quarter worth about $49,000. Finally, Allworth Financial LP boosted its stake in shares of Knight-Swift Transportation by 27,125.0% during the second quarter. Allworth Financial LP now owns 1,089 shares of the transportation company’s stock worth $50,000 after buying an additional 1,085 shares during the period. Institutional investors and hedge funds own 89.64% of the company’s stock.

Knight-Swift Transportation Trading Up 2.3 %

Shares of KNX opened at $54.73 on Friday. 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 firm has a 50 day simple moving average of $49.49 and a 200-day simple moving average of $49.65. Knight-Swift Transportation Holdings Inc. has a 1-year low of $42.50 and a 1-year high of $62.29. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 0.69 and a beta of 1.15.

Knight-Swift Transportation (NYSE:KNXGet Rating) last issued its quarterly earnings data on Wednesday, October 19th. The transportation company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.05). Knight-Swift Transportation had a return on equity of 13.98% and a net margin of 11.69%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $1.30 earnings per share. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. Equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 5.19 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 27th. Stockholders of record on Monday, December 5th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.88%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 9.01%.

Analyst Ratings Changes

Several brokerages have recently weighed in on KNX. StockNews.com began coverage on shares of Knight-Swift Transportation in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Susquehanna cut their price target on shares of Knight-Swift Transportation from $64.00 to $63.00 and set a “positive” rating for the company in a report on Thursday, October 20th. Wells Fargo & Company cut their price target on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, October 12th. Credit Suisse Group cut their price target on shares of Knight-Swift Transportation from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Thursday, October 20th. Finally, Susquehanna Bancshares cut their price target on shares of Knight-Swift Transportation from $64.00 to $63.00 and set a “positive” rating for the company in a report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.69.

About Knight-Swift Transportation

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Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

See Also

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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