Boston Partners boosted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 13.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 42,943 shares of the transportation company’s stock after buying an additional 4,950 shares during the period. Boston Partners’ holdings in Knight-Swift Transportation were worth $1,899,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Knight-Swift Transportation by 3.6% during the first quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company’s stock valued at $649,560,000 after acquiring an additional 515,212 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Knight-Swift Transportation by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,629,706 shares of the transportation company’s stock worth $331,813,000 after purchasing an additional 638,352 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Knight-Swift Transportation by 8.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,595,397 shares of the transportation company’s stock worth $165,712,000 after purchasing an additional 268,761 shares during the period. Bank of New York Mellon Corp grew its holdings in Knight-Swift Transportation by 72.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,160,475 shares of the transportation company’s stock valued at $95,558,000 after purchasing an additional 904,903 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Knight-Swift Transportation by 8,856.8% in the 1st quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company’s stock worth $70,704,000 after purchasing an additional 1,628,760 shares during the period. 88.77% of the stock is currently owned by institutional investors.
Knight-Swift Transportation Trading Down 2.2%
KNX opened at $42.94 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.33 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average is $43.20 and its two-hundred day moving average is $43.67. The company has a market capitalization of $6.97 billion, a P/E ratio of 48.80, a PEG ratio of 0.89 and a beta of 1.14. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51.
Knight-Swift Transportation Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, December 5th. Knight-Swift Transportation’s dividend payout ratio is presently 81.82%.
Analyst Ratings Changes
Several research analysts have issued reports on the company. TD Cowen boosted their target price on Knight-Swift Transportation from $44.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. raised their price target on Knight-Swift Transportation from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Evercore ISI dropped their price objective on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating for the company in a report on Tuesday, September 30th. Citigroup reduced their target price on Knight-Swift Transportation from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, Raymond James Financial lifted their target price on Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average target price of $53.29.
Get Our Latest Stock Report on Knight-Swift Transportation
Insider Transactions at Knight-Swift Transportation
In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Cary M. Flanagan sold 4,300 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $45.04, for a total transaction of $193,672.00. Following the completion of the sale, the chief accounting officer directly owned 5,644 shares of the company’s stock, valued at $254,205.76. The trade was a 43.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.00% of the company’s stock.
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.
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