Y Intercept Hong Kong Ltd Invests $424,000 in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Y Intercept Hong Kong Ltd acquired a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,859 shares of the transportation company’s stock, valued at approximately $424,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators increased its stake in shares of Knight-Swift Transportation by 87.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after buying an additional 348 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Knight-Swift Transportation by 28.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after acquiring an additional 200 shares in the last quarter. Blue Trust Inc. increased its position in shares of Knight-Swift Transportation by 168.3% in the 2nd quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 579 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Knight-Swift Transportation by 36.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 302 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Knight-Swift Transportation by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock worth $62,000 after purchasing an additional 292 shares during the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Trading Down 0.9 %

NYSE:KNX opened at $54.92 on Tuesday. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 238.79, a PEG ratio of 1.89 and a beta of 0.96. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $60.99. The stock has a fifty day moving average price of $55.10 and a two-hundred day moving average price of $52.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, December 6th. Knight-Swift Transportation’s payout ratio is currently 278.27%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

KNX has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a report on Friday, October 25th. Morgan Stanley cut their target price on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Citigroup cut shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective on the stock. in a report on Tuesday, November 12th. Finally, Evercore ISI upped their target price 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $56.81.

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.