 Brighton Jones LLC purchased a new position in  Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,024 shares of the transportation company’s stock, valued at approximately $311,000.
Brighton Jones LLC purchased a new position in  Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,024 shares of the transportation company’s stock, valued at approximately $311,000. 
Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC boosted its stake in Knight-Swift Transportation by 9,383.3% in the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 563 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Knight-Swift Transportation by 93.4% during the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 310 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Knight-Swift Transportation during the second quarter worth about $55,000. UMB Bank n.a. increased its holdings in shares of Knight-Swift Transportation by 43.3% in the 2nd quarter. UMB Bank n.a. now owns 1,624 shares of the transportation company’s stock worth $72,000 after acquiring an additional 491 shares during the period. Finally, IFP Advisors Inc lifted its position in Knight-Swift Transportation by 21.3% in the 2nd quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 379 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.
Knight-Swift Transportation Trading Down 2.2%
NYSE:KNX opened at $43.51 on Friday. The stock’s 50-day moving average is $43.04 and its two-hundred day moving average is $43.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.33 and a quick ratio of 0.89. The stock has a market cap of $7.06 billion, a PE ratio of 49.45, a price-to-earnings-growth ratio of 0.89 and a beta of 1.14. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51.
Knight-Swift Transportation Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were 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 was Friday, September 5th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 81.82%.
Insider Activity at Knight-Swift Transportation
In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the business’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have issued reports on KNX. Evercore ISI reduced their price target on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating for the company in a research report on Tuesday, September 30th. UBS Group cut shares of Knight-Swift Transportation from a “buy” rating to a “neutral” rating and raised their target price for the company from $46.00 to $51.00 in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and upped their price target for the stock from $43.00 to $53.00 in a research note on Thursday, October 2nd. Robert W. Baird boosted their target price on Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Finally, Benchmark reaffirmed a “buy” rating on shares of Knight-Swift Transportation in a research note on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.29.
Check Out Our Latest Report on Knight-Swift Transportation
About Knight-Swift Transportation
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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