Asahi Life Asset Management CO. LTD. Acquires Shares of 6,390 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Asahi Life Asset Management CO. LTD. bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,390 shares of the transportation company’s stock, valued at approximately $345,000.

Other large investors have also recently modified their holdings of the company. Interval Partners LP lifted its position in shares of Knight-Swift Transportation by 8,520.1% during the 2nd quarter. Interval Partners LP now owns 1,293,011 shares of the transportation company’s stock worth $64,547,000 after buying an additional 1,278,011 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Knight-Swift Transportation by 1,728.8% during the second quarter. Thrivent Financial for Lutherans now owns 1,330,934 shares of the transportation company’s stock worth $66,440,000 after acquiring an additional 1,258,157 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Knight-Swift Transportation by 27.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock worth $271,121,000 after acquiring an additional 1,176,069 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Knight-Swift Transportation by 309.7% in the 2nd quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company’s stock valued at $53,331,000 after purchasing an additional 807,572 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Knight-Swift Transportation by 10.9% during the 2nd quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock valued at $379,133,000 after purchasing an additional 744,412 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 2.4 %

KNX opened at $53.80 on Tuesday. The stock has a market cap of $8.71 billion, a PE ratio of 233.92, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.38. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $60.99. The company has a fifty day moving average of $52.22 and a 200-day moving average of $50.36.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was down 7.1% on a year-over-year basis. On average, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.06 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 6th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, September 6th. Knight-Swift Transportation’s payout ratio is 278.27%.

Insider Transactions at Knight-Swift Transportation

In related news, Director Michael Garnreiter sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the transaction, the director now owns 17,648 shares in the company, valued at $892,459.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Kevin P. Knight sold 30,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $50.33, for a total value of $1,509,900.00. Following the completion of the sale, the chairman now directly owns 1,467,360 shares of the company’s stock, valued at $73,852,228.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Garnreiter sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total value of $101,140.00. Following the completion of the transaction, the director now owns 17,648 shares in the company, valued at approximately $892,459.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,196 shares of company stock valued at $4,367,869 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KNX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. The Goldman Sachs Group cut their price objective on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. TD Cowen boosted their price objective on Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Bank of America increased their target price on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Raymond James boosted their price target on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.94.

Knight-Swift Transportation Company 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.