Livforsakringsbolaget Skandia Omsesidigt Has $2.31 Million Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Livforsakringsbolaget Skandia Omsesidigt cut its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 32.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,600 shares of the transportation company’s stock after selling 20,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Knight-Swift Transportation were worth $2,311,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in shares of Knight-Swift Transportation by 0.3% during the 1st quarter. Wellington Management Group LLP now owns 15,705,799 shares of the transportation company’s stock worth $888,634,000 after buying an additional 39,580 shares in the last quarter. Vanguard Group Inc. raised its stake in Knight-Swift Transportation by 0.6% during the first quarter. Vanguard Group Inc. now owns 13,894,447 shares of the transportation company’s stock worth $701,114,000 after acquiring an additional 84,898 shares in the last quarter. FMR LLC lifted its holdings in shares of Knight-Swift Transportation by 8.0% in the first quarter. FMR LLC now owns 7,426,776 shares of the transportation company’s stock worth $420,207,000 after acquiring an additional 551,443 shares during the last quarter. State Street Corp lifted its holdings in shares of Knight-Swift Transportation by 2.7% in the first quarter. State Street Corp now owns 6,314,648 shares of the transportation company’s stock worth $318,637,000 after acquiring an additional 166,644 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Knight-Swift Transportation by 8.4% in the 4th quarter. Morgan Stanley now owns 5,015,443 shares of the transportation company’s stock valued at $262,859,000 after purchasing an additional 387,501 shares in the last quarter. 87.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $59.00, for a total transaction of $118,000.00. Following the sale, the chief accounting officer now directly owns 5,880 shares of the company’s stock, valued at approximately $346,920. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $59.00, for a total transaction of $118,000.00. Following the completion of the transaction, the chief accounting officer now owns 5,880 shares of the company’s stock, valued at approximately $346,920. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Kevin P. Knight sold 100,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $60.19, for a total value of $6,019,000.00. Following the completion of the sale, the chairman now directly owns 1,497,360 shares in the company, valued at $90,126,098.40. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

Knight-Swift Transportation Price Performance

Shares of KNX stock traded down $0.09 on Thursday, reaching $52.98. The company’s stock had a trading volume of 669,276 shares, compared to its average volume of 1,886,064. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. The stock’s 50 day simple moving average is $56.43 and its 200-day simple moving average is $56.04. The company has a market capitalization of $8.55 billion, a P/E ratio of 16.79, a PEG ratio of 1.59 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.63 and a 12-month high of $64.35.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Thursday, July 20th. The transportation company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). Knight-Swift Transportation had a net margin of 7.48% and a return on equity of 8.08%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.59 billion. As a group, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.19 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, September 7th. Knight-Swift Transportation’s payout ratio is 17.72%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KNX. Susquehanna dropped their price objective on shares of Knight-Swift Transportation from $53.00 to $51.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. StockNews.com started coverage on shares of Knight-Swift Transportation in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. Stephens reissued an “overweight” rating and set a $68.00 target price on shares of Knight-Swift Transportation in a research note on Friday, July 21st. Citigroup cut their target price on Knight-Swift Transportation from $66.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, June 30th. Finally, TD Cowen cut their price target on Knight-Swift Transportation from $62.00 to $59.00 and set an “outperform” rating on the stock in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus target price of $63.24.

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 transportations services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.