DNB Asset Management AS Raises Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

DNB Asset Management AS raised its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,299 shares of the transportation company’s stock after buying an additional 2,138 shares during the quarter. DNB Asset Management AS’s holdings in Knight-Swift Transportation were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in Knight-Swift Transportation in the first quarter valued at approximately $25,000. GAMMA Investing LLC lifted its stake in Knight-Swift Transportation by 67.5% in the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after buying an additional 253 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Knight-Swift Transportation by 61.7% in the fourth quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock valued at $43,000 after buying an additional 283 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Knight-Swift Transportation by 50.7% in the second 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 during the last quarter. Finally, RiverPark Advisors LLC raised its stake in shares of Knight-Swift Transportation by 160.6% during the first quarter. RiverPark Advisors LLC now owns 1,165 shares of the transportation company’s stock worth $64,000 after purchasing an additional 718 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Insider Buying and Selling

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 45,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the sale, the chairman now owns 1,422,360 shares in the company, valued at approximately $73,294,210.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 30,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the completion of the sale, the chairman now owns 1,467,360 shares of the company’s stock, valued at $73,852,228.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Kevin P. Knight sold 45,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $51.53, for a total value of $2,318,850.00. Following the sale, the chairman now owns 1,422,360 shares of the company’s stock, valued at $73,294,210.80. The disclosure for this sale can be found here. Insiders sold 80,696 shares of company stock worth $4,133,429 in the last ninety days. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Up 0.5 %

Knight-Swift Transportation stock opened at $52.78 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.88. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of 78.39, a price-to-earnings-growth ratio of 1.36 and a beta of 0.93. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The stock’s fifty day moving average is $49.46 and its two-hundred day moving average is $51.95.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the business posted $0.49 earnings per share. The business’s revenue was up 18.9% compared to the same quarter last year. Analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on KNX shares. Wells Fargo & Company started coverage on Knight-Swift Transportation in a research note on Friday, June 7th. They set an “overweight” rating and a $56.00 price target for the company. UBS Group cut their price target 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. StockNews.com upgraded Knight-Swift Transportation to a “sell” rating in a research note on Thursday, July 25th. Bank of America upped their price target on Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, TD Cowen upped their price target on Knight-Swift Transportation from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average target price of $56.79.

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.