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

GHP Investment Advisors Inc. lifted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 14.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,819 shares of the transportation company’s stock after purchasing an additional 7,086 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Knight-Swift Transportation were worth $2,886,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in shares of Knight-Swift Transportation by 583.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 33,165 shares of the transportation company’s stock worth $1,912,000 after buying an additional 28,309 shares in the last quarter. Wellington Management Group LLP lifted its position in Knight-Swift Transportation by 15.7% in the fourth quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock worth $906,016,000 after purchasing an additional 2,137,296 shares during the period. V Square Quantitative Management LLC boosted its stake in Knight-Swift Transportation by 63.8% during the 4th quarter. V Square Quantitative Management LLC now owns 1,697 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 661 shares in the last quarter. Duality Advisers LP increased its position in shares of Knight-Swift Transportation by 1,686.4% during the 1st quarter. Duality Advisers LP now owns 66,098 shares of the transportation company’s stock valued at $3,637,000 after purchasing an additional 62,398 shares during the period. Finally, Alberta Investment Management Corp bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth $2,240,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Up 1.6 %

NYSE:KNX opened at $52.80 on Friday. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $60.99. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 78.81, a PEG ratio of 1.38 and a beta of 0.93. 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 business’s fifty day moving average price is $51.64 and its 200 day moving average price is $50.87.

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

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 6th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio is currently 95.52%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KNX shares. UBS Group decreased their target price on 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. Wells Fargo & Company assumed coverage on shares of Knight-Swift Transportation in a research report on Friday, June 7th. They set an “overweight” rating and a $56.00 price objective for the company. Bank of America boosted their target price on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 25th. 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 research report on Tuesday, June 25th. One equities 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and a consensus price target of $57.14.

Insider Transactions at Knight-Swift Transportation

In related news, Director Robert E. Synowicki, Jr. sold 2,500 shares of Knight-Swift Transportation stock in a transaction on Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the completion of the sale, the director now owns 21,833 shares of the company’s stock, valued at $1,164,135.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $51.53, for a total value of $2,318,850.00. Following the completion of the sale, the chairman now directly owns 1,422,360 shares of the company’s stock, valued at $73,294,210.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.32, for a total transaction of $133,300.00. Following the transaction, the director now owns 21,833 shares in the company, valued at approximately $1,164,135.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,196 shares of company stock valued at $4,367,869. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Company 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.