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

Highland Capital Management LLC cut its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 5.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,314 shares of the transportation company’s stock after selling 1,930 shares during the period. Highland Capital Management LLC’s holdings in Knight-Swift Transportation were worth $1,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its position in shares of Knight-Swift Transportation by 3,461.9% during 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. Brown Brothers Harriman & Co. boosted its holdings in Knight-Swift Transportation by 28.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. boosted its holdings in Knight-Swift Transportation by 168.3% during the 2nd quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 579 shares during the period. Massmutual Trust Co. FSB ADV grew its position in 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 acquiring an additional 343 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Knight-Swift Transportation by 36.6% during the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after purchasing an additional 302 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Michael Garnreiter sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the transaction, the director now directly owns 17,648 shares in the company, valued at approximately $892,459.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman Kevin P. Knight sold 30,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $50.33, for a total value of $1,509,900.00. Following the sale, the chairman now directly owns 1,467,360 shares in the company, valued at $73,852,228.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Garnreiter sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total transaction of $101,140.00. Following the sale, the director now directly owns 17,648 shares in the company, valued at $892,459.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,196 shares of company stock worth $4,367,869 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on KNX. UBS Group dropped their price target on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Raymond James lifted their price objective on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a research note on Monday, October 14th. Stifel Nicolaus upped their target price on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday. Susquehanna raised their price target on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, Citigroup started coverage on Knight-Swift Transportation in a research report on Wednesday, October 9th. They set a “neutral” rating and a $55.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.94.

Knight-Swift Transportation Trading Up 1.2 %

NYSE:KNX opened at $52.55 on Friday. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $60.99. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $52.22 and its 200-day simple moving average is $50.37. The firm has a market cap of $8.51 billion, a P/E ratio of 128.17, a PEG ratio of 1.74 and a beta of 0.92.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm earned $0.41 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. Equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.06 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 6th were issued a $0.16 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.22%. Knight-Swift Transportation’s dividend payout ratio is presently 156.10%.

Knight-Swift Transportation Profile

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.