Rhumbline Advisers Sells 5,012 Shares of Knight-Swift Transportation Holdings Inc

Rhumbline Advisers cut its holdings in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,991 shares of the transportation company’s stock after selling 5,012 shares during the quarter. Rhumbline Advisers’ holdings in Knight-Swift Transportation were worth $7,930,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV grew its position in shares of Knight-Swift Transportation by 13.8% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 12,613 shares of the transportation company’s stock worth $482,000 after buying an additional 1,529 shares during the period. Arizona State Retirement System grew its position in shares of Knight-Swift Transportation by 2.2% in the 3rd quarter. Arizona State Retirement System now owns 91,055 shares of the transportation company’s stock worth $3,140,000 after buying an additional 1,918 shares during the period. GSA Capital Partners LLP grew its position in shares of Knight-Swift Transportation by 4.6% in the 2nd quarter. GSA Capital Partners LLP now owns 47,955 shares of the transportation company’s stock worth $1,832,000 after buying an additional 2,120 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Knight-Swift Transportation by 14.7% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 18,700 shares of the transportation company’s stock worth $715,000 after buying an additional 2,400 shares during the period. Finally, First Republic Investment Management Inc. grew its position in shares of Knight-Swift Transportation by 27.0% in the 2nd quarter. First Republic Investment Management Inc. now owns 11,401 shares of the transportation company’s stock worth $436,000 after buying an additional 2,423 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Knight-Swift Transportation stock opened at $34.66 on Friday. The stock has a market capitalization of $6.17 billion, a P/E ratio of 15.97, a PEG ratio of 0.98 and a beta of 1.51. Knight-Swift Transportation Holdings Inc has a 1 year low of $29.00 and a 1 year high of $51.94. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.12.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.07. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Knight-Swift Transportation had a net margin of 13.47% and a return on equity of 7.26%. Knight-Swift Transportation’s revenue was up 158.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. As a group, analysts expect that Knight-Swift Transportation Holdings Inc will post 2.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, November 30th. Knight-Swift Transportation’s dividend payout ratio is currently 17.39%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Robert W. Baird dropped their price target on shares of Knight-Swift Transportation from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. ValuEngine upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Loop Capital initiated coverage on shares of Knight-Swift Transportation in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $45.00 price target on the stock. Finally, KeyCorp dropped their price target on shares of Knight-Swift Transportation from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, October 25th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.88.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics 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.

 

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