Hantz Financial Services Inc. Invests $1.14 Million in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Hantz Financial Services Inc. bought a new stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,167 shares of the transportation company’s stock, valued at approximately $1,142,000.

A number of other institutional investors have also bought and sold shares of KNX. Price T Rowe Associates Inc. MD lifted its holdings in shares of Knight-Swift Transportation by 6.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 85,241 shares of the transportation company’s stock worth $4,691,000 after buying an additional 5,498 shares in the last quarter. Comerica Bank lifted its position in shares of Knight-Swift Transportation by 8.0% in the first quarter. Comerica Bank now owns 98,797 shares of the transportation company’s stock worth $5,436,000 after buying an additional 7,337 shares in the last quarter. Swedbank AB purchased a new position in Knight-Swift Transportation during the 1st quarter valued at approximately $3,162,000. Boston Partners increased its stake in Knight-Swift Transportation by 86.2% in the 1st quarter. Boston Partners now owns 32,971 shares of the transportation company’s stock worth $1,814,000 after acquiring an additional 15,268 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Knight-Swift Transportation by 50.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 343 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 0.5 %

Shares of NYSE:KNX opened at $59.36 on Monday. The company has a market capitalization of $9.61 billion, a PE ratio of 258.10, a P/E/G ratio of 2.03 and a beta of 0.93. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $60.99. The business’s fifty day simple moving average is $54.25 and its 200-day simple moving average is $51.71.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping 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 the consensus estimate of $1.91 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis. As a group, equities research analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, December 6th. This represents a $0.64 annualized dividend and a yield of 1.08%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 278.27%.

Insider Activity at Knight-Swift Transportation

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KNX shares. TD Cowen increased their price objective on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their price target on Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Citigroup lowered Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective for the company. in a research note on Tuesday, November 12th. Susquehanna boosted their target price on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Finally, 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 report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Knight-Swift Transportation has a consensus rating of “Hold” and a consensus price target of $56.38.

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.