Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,712 shares of the transportation company’s stock after selling 186 shares during the quarter. M&T Bank Corp’s holdings in Knight-Swift Transportation were worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KNX. Interval Partners LP raised its position in Knight-Swift Transportation by 8,520.1% in the second quarter. Interval Partners LP now owns 1,293,011 shares of the transportation company’s stock valued at $64,547,000 after purchasing an additional 1,278,011 shares during the period. Thrivent Financial for Lutherans lifted its position in Knight-Swift Transportation by 1,728.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,330,934 shares of the transportation company’s stock worth $66,440,000 after acquiring an additional 1,258,157 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Knight-Swift Transportation by 27.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock worth $271,121,000 after acquiring an additional 1,176,069 shares during the period. Millennium Management LLC grew its position in Knight-Swift Transportation by 309.7% in the second quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company’s stock valued at $53,331,000 after acquiring an additional 807,572 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Knight-Swift Transportation by 10.9% during the second quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock valued at $379,133,000 after purchasing an additional 744,412 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Down 1.7 %

Shares of NYSE:KNX opened at $55.43 on Monday. The company’s fifty day moving average is $55.03 and its two-hundred day moving average is $52.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $60.99. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 241.01, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. Knight-Swift Transportation’s quarterly revenue was down 7.1% on a year-over-year basis. Equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 278.27%.

Analysts Set New Price Targets

KNX has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays raised their target price on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Bank of America boosted their price target on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Susquehanna raised their price objective 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, Raymond James upped their target price on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of “Hold” and an average price target of $56.81.

Insider Activity at Knight-Swift Transportation

In related news, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the sale, the director now directly owns 30,729 shares in the company, valued at $1,754,625.90. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

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.