Caisse DE Depot ET Placement DU Quebec Raises Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Caisse DE Depot ET Placement DU Quebec increased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 34.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,412,869 shares of the transportation company’s stock after buying an additional 359,566 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.87% of Knight-Swift Transportation worth $76,224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of Knight-Swift Transportation by 3,461.9% during the 2nd quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 727 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in Knight-Swift Transportation by 87.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after acquiring an additional 348 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Knight-Swift Transportation by 28.6% during the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after acquiring an additional 200 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of Knight-Swift Transportation by 50.7% during the second 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 in the last quarter. Finally, Blue Trust Inc. grew its stake in Knight-Swift Transportation by 168.3% in the second quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock worth $51,000 after purchasing an additional 579 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KNX shares. Bank of America lifted 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. Morgan Stanley lowered their price objective on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Raymond James raised their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Monday, October 14th. Stifel Nicolaus boosted their price target on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Evercore ISI lifted their price objective on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Knight-Swift Transportation has a consensus rating of “Hold” and a consensus target price of $56.38.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Director Ploeg David Vander sold 500 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the sale, the director now owns 30,729 shares in the company, valued at $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Kevin P. Knight sold 29,779 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Performance

KNX opened at $59.36 on Friday. The company has a market cap of $9.61 billion, a P/E ratio of 258.10, a price-to-earnings-growth ratio of 2.03 and a beta of 0.93. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is $54.25 and its 200-day moving average price is $51.70. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business posted $0.41 EPS. Knight-Swift Transportation’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, December 6th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.08%. Knight-Swift Transportation’s dividend payout ratio is currently 278.27%.

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.