Barclays PLC Sells 5,421 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Barclays PLC lessened its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 228,850 shares of the transportation company’s stock after selling 5,421 shares during the period. Barclays PLC owned about 0.14% of Knight-Swift Transportation worth $12,346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its position in Knight-Swift Transportation by 8.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 49,006 shares of the transportation company’s stock valued at $2,644,000 after acquiring an additional 3,994 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Knight-Swift Transportation during the third quarter valued at $424,000. MML Investors Services LLC increased its holdings in Knight-Swift Transportation by 4.6% in the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock worth $280,000 after buying an additional 228 shares in the last quarter. XTX Topco Ltd purchased a new position in Knight-Swift Transportation in the 3rd quarter worth about $428,000. Finally, iSAM Funds UK Ltd bought a new position in Knight-Swift Transportation during the 3rd quarter valued at about $518,000. Institutional investors own 88.77% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Kevin P. Knight sold 29,779 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ploeg David Vander sold 500 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the sale, the director now directly owns 30,729 shares in the company, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Knight-Swift Transportation Stock Down 1.7 %

KNX opened at $55.43 on Monday. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s fifty day moving average is $55.03 and its 200 day moving average is $52.32. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99.

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 analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.91 billion. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. On average, sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 is Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 278.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KNX. Raymond James lifted their price target on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 14th. Barclays boosted their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Evercore ISI raised their price target on Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Morgan Stanley reduced their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Finally, Citigroup cut Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price on the stock. in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, seven have issued 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, the company presently has an average rating of “Hold” and an average target price of $56.81.

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.