Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by RK Capital Management LLC

RK Capital Management LLC reduced its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,600 shares of the transportation company’s stock after selling 16,700 shares during the period. RK Capital Management LLC’s holdings in Knight-Swift Transportation were worth $7,701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Raymond James & Associates raised its holdings in shares of Knight-Swift Transportation by 22.1% during the first quarter. Raymond James & Associates now owns 76,395 shares of the transportation company’s stock valued at $3,855,000 after acquiring an additional 13,808 shares during the period. US Bancorp DE raised its holdings in shares of Knight-Swift Transportation by 57.6% during the first quarter. US Bancorp DE now owns 14,450 shares of the transportation company’s stock valued at $729,000 after acquiring an additional 5,283 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Knight-Swift Transportation by 23.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,997 shares of the transportation company’s stock valued at $706,000 after buying an additional 2,677 shares during the period. Great West Life Assurance Co. Can increased its stake in Knight-Swift Transportation by 3.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 211,351 shares of the transportation company’s stock valued at $11,126,000 after buying an additional 7,824 shares during the period. Finally, Sei Investments Co. increased its stake in Knight-Swift Transportation by 6.7% in the 1st quarter. Sei Investments Co. now owns 141,380 shares of the transportation company’s stock valued at $7,135,000 after buying an additional 8,923 shares during the period. 87.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP James L. Fitzsimmons sold 2,664 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $53.73, for a total value of $143,136.72. Following the completion of the transaction, the executive vice president now owns 4,632 shares in the company, valued at approximately $248,877.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP James L. Fitzsimmons sold 2,664 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $53.73, for a total transaction of $143,136.72. Following the completion of the sale, the executive vice president now owns 4,632 shares of the company’s stock, valued at $248,877.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy Sean Harrington sold 1,200 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $52.00, for a total transaction of $62,400.00. Following the sale, the executive vice president now owns 5,278 shares in the company, valued at $274,456. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation Trading Down 0.8 %

Shares of KNX stock opened at $51.06 on Tuesday. The company has a market capitalization of $8.24 billion, a P/E ratio of 22.01, a P/E/G ratio of 1.65 and a beta of 1.19. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.26. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.73 and a 12-month high of $64.35. The firm has a 50-day moving average price of $50.17 and a 200 day moving average price of $54.05.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Thursday, October 19th. The transportation company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.89 billion. Knight-Swift Transportation had a return on equity of 6.03% and a net margin of 5.41%. Knight-Swift Transportation’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 EPS. Research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.09 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, December 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 24.14%.

Wall Street Analyst Weigh In

KNX has been the topic of several research reports. StockNews.com initiated coverage on shares of Knight-Swift Transportation in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. JPMorgan Chase & Co. upgraded shares of Knight-Swift Transportation from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $54.00 to $57.00 in a research note on Friday, October 20th. Susquehanna dropped their price target on shares of Knight-Swift Transportation from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 3rd. Morgan Stanley increased their price target on shares of Knight-Swift Transportation from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Finally, Raymond James increased their price target on shares of Knight-Swift Transportation from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus price target of $63.19.

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.