Hudson Edge Investment Partners Inc. Has $520,000 Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Hudson Edge Investment Partners Inc. boosted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 15.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,411 shares of the transportation company’s stock after purchasing an additional 1,414 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Knight-Swift Transportation were worth $520,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of Knight-Swift Transportation during the 1st quarter worth $25,000. GAMMA Investing LLC grew its stake in Knight-Swift Transportation by 67.5% during the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after buying an additional 253 shares in the last quarter. Versant Capital Management Inc increased its holdings in Knight-Swift Transportation by 3,461.9% in the 2nd quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock valued at $37,000 after buying an additional 727 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Knight-Swift Transportation by 50.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock valued at $51,000 after buying an additional 343 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Knight-Swift Transportation by 168.3% during the 2nd quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock worth $51,000 after acquiring an additional 579 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Cowen boosted their price objective on shares of Knight-Swift Transportation from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. UBS Group dropped their price objective on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Wolfe Research cut Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Barclays increased their target price on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Evercore ISI decreased their price target on shares of Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.14.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Director Michael Garnreiter sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total value of $101,140.00. Following the transaction, the director now owns 17,648 shares in the company, valued at approximately $892,459.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael Garnreiter sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total transaction of $101,140.00. Following the completion of the sale, the director now owns 17,648 shares of the company’s stock, valued at $892,459.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael K. Liu sold 5,696 shares of Knight-Swift Transportation stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total value of $304,679.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,196 shares of company stock valued at $4,367,869. 3.00% of the stock is currently owned by company insiders.

Knight-Swift Transportation Trading Down 1.1 %

Shares of KNX stock traded down $0.58 during trading hours on Friday, hitting $50.08. 1,340,435 shares of the company’s stock traded hands, compared to its average volume of 1,441,815. The stock has a market cap of $8.09 billion, a PE ratio of 74.75, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The stock’s 50 day simple moving average is $51.49 and its 200 day simple moving average is $51.04. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.1 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, September 6th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, September 6th. Knight-Swift Transportation’s payout ratio is presently 95.52%.

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.