10,200 Shares in Knight-Swift Transportation Holdings Inc (NYSE:KNX) Bought by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc bought a new position in Knight-Swift Transportation Holdings Inc (NYSE:KNX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,200 shares of the transportation company’s stock, valued at approximately $335,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Crossmark Global Holdings Inc. raised its position in shares of Knight-Swift Transportation by 2.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,558 shares of the transportation company’s stock worth $511,000 after buying an additional 345 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Knight-Swift Transportation by 0.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,600 shares of the transportation company’s stock worth $1,793,000 after buying an additional 400 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Knight-Swift Transportation by 0.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 95,743 shares of the transportation company’s stock worth $3,129,000 after buying an additional 408 shares during the period. Mason Street Advisors LLC raised its position in shares of Knight-Swift Transportation by 0.6% in the 1st quarter. Mason Street Advisors LLC now owns 66,241 shares of the transportation company’s stock worth $2,165,000 after buying an additional 415 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Knight-Swift Transportation by 2.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 19,170 shares of the transportation company’s stock worth $626,000 after buying an additional 470 shares during the period. 86.01% of the stock is currently owned by institutional investors and hedge funds.

NYSE KNX traded up $1.20 during trading hours on Monday, hitting $34.34. The company had a trading volume of 42,498 shares, compared to its average volume of 2,504,476. Knight-Swift Transportation Holdings Inc has a fifty-two week low of $23.27 and a fifty-two week high of $39.26. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 0.89 and a beta of 1.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The firm’s 50 day moving average is $34.53 and its 200 day moving average is $32.90.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.28 billion. Knight-Swift Transportation had a return on equity of 8.66% and a net margin of 8.19%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. On average, equities analysts anticipate that Knight-Swift Transportation Holdings Inc will post 2.4 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.70%. Knight-Swift Transportation’s dividend payout ratio is presently 9.38%.

Several analysts recently issued reports on the company. KeyCorp increased their price target on Knight-Swift Transportation from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Stephens assumed coverage on Knight-Swift Transportation in a report on Monday, July 1st. They issued a “buy” rating for the company. Bank of America reiterated a “buy” rating and issued a $43.00 price target (up from $38.00) on shares of Knight-Swift Transportation in a report on Thursday, July 25th. Citigroup increased their price target on Knight-Swift Transportation from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, ValuEngine upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Sunday, June 30th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $42.91.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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