Strs Ohio Sells 12,401 Shares of Knight-Swift Transportation Holdings Inc (KNX)

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Strs Ohio cut its holdings in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 50.4% in the second quarter, Holdings Channel reports. The institutional investor owned 12,225 shares of the transportation company’s stock after selling 12,401 shares during the quarter. Strs Ohio’s holdings in Knight-Swift Transportation were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of KNX. Wells Fargo & Company MN raised its position in Knight-Swift Transportation by 5.7% during the 1st quarter. Wells Fargo & Company MN now owns 250,153 shares of the transportation company’s stock worth $11,510,000 after buying an additional 13,426 shares during the last quarter. Alps Advisors Inc. purchased a new position in Knight-Swift Transportation during the 1st quarter worth approximately $448,000. Comerica Bank raised its position in Knight-Swift Transportation by 51.3% during the 1st quarter. Comerica Bank now owns 152,378 shares of the transportation company’s stock worth $6,745,000 after buying an additional 51,695 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Knight-Swift Transportation by 14.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 600,065 shares of the transportation company’s stock worth $27,609,000 after buying an additional 73,813 shares during the last quarter. Finally, Westpac Banking Corp raised its position in Knight-Swift Transportation by 435.5% during the 1st quarter. Westpac Banking Corp now owns 13,704 shares of the transportation company’s stock worth $631,000 after buying an additional 11,145 shares during the last quarter. 79.78% of the stock is owned by institutional investors.

In related news, CAO Wayne Yu purchased 1,750 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were purchased at an average price of $32.01 per share, with a total value of $56,017.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 27.50% of the stock is currently owned by company insiders.

Knight-Swift Transportation stock opened at $35.27 on Friday. Knight-Swift Transportation Holdings Inc has a 1 year low of $29.00 and a 1 year high of $51.94. The firm has a market capitalization of $6.22 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.02 and a beta of 1.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.47 and a current ratio of 1.47.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, July 25th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.56. Knight-Swift Transportation had a net margin of 13.67% and a return on equity of 5.74%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 387.4% compared to the same quarter last year. analysts forecast that Knight-Swift Transportation Holdings Inc will post 2.27 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Monday, September 3rd will be paid a $0.06 dividend. The ex-dividend date is Thursday, August 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.68%. Knight-Swift Transportation’s dividend payout ratio is currently 17.39%.

A number of equities analysts have issued reports on the stock. ValuEngine raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group dropped their price objective on shares of Knight-Swift Transportation from $43.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, July 26th. Morgan Stanley dropped their price objective on shares of Knight-Swift Transportation from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, July 26th. Buckingham Research dropped their price objective on shares of Knight-Swift Transportation from $62.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Finally, Stifel Nicolaus dropped their price objective on shares of Knight-Swift Transportation from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $49.44.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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