Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC decreased its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 45.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 900,044 shares of the transportation company’s stock after selling 737,162 shares during the period. Ceredex Value Advisors LLC owned approximately 0.56% of Knight-Swift Transportation worth $48,557,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNX. Commonwealth Equity Services LLC boosted its holdings in shares of Knight-Swift Transportation by 0.8% during the second quarter. Commonwealth Equity Services LLC now owns 24,633 shares of the transportation company’s stock worth $1,230,000 after purchasing an additional 196 shares during the period. United Services Automobile Association lifted its position in Knight-Swift Transportation by 1.6% in the 2nd quarter. United Services Automobile Association now owns 12,770 shares of the transportation company’s stock worth $637,000 after buying an additional 199 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of 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 buying an additional 200 shares during the period. MQS Management LLC grew its holdings in shares of Knight-Swift Transportation by 3.7% during the 2nd quarter. MQS Management LLC now owns 6,981 shares of the transportation company’s stock valued at $348,000 after acquiring an additional 250 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Knight-Swift Transportation by 36.6% in the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after acquiring an additional 302 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 1.6 %

Shares of KNX stock opened at $52.93 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $60.99. The firm’s fifty day simple moving average is $52.15 and its 200 day simple moving average is $50.42. The firm has a market capitalization of $8.57 billion, a P/E ratio of 230.14, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93.

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 0.50% and a return on equity of 1.81%. The business had revenue of $1.88 billion during 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. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.06 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 6th were 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 was Friday, September 6th. Knight-Swift Transportation’s payout ratio is presently 278.27%.

Insider Activity

In related news, Chairman Kevin P. Knight sold 45,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chairman now directly owns 1,422,360 shares of the company’s stock, valued at $73,294,210.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 45,000 shares of Knight-Swift Transportation stock in a transaction that occurred 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 directly owns 1,422,360 shares of the company’s stock, valued at approximately $73,294,210.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $53.32, for a total value of $133,300.00. Following the completion of the transaction, the director now directly owns 21,833 shares of the company’s stock, valued at approximately $1,164,135.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,196 shares of company stock worth $2,857,969. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KNX. Citigroup initiated coverage on Knight-Swift Transportation in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $55.00 target price on the stock. Barclays boosted their target price on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Bank of America raised their price target on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley decreased their price objective on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Finally, Evercore ISI increased their target price on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $55.94.

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.