Mn Services Vermogensbeheer B.V. Decreases Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Mn Services Vermogensbeheer B.V. cut its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 63,600 shares of the transportation company’s stock after selling 1,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Knight-Swift Transportation were worth $3,175,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lecap Asset Management Ltd. purchased a new stake in Knight-Swift Transportation in the second quarter valued at about $2,707,000. Fifth Third Wealth Advisors LLC purchased a new stake in Knight-Swift Transportation in the second quarter valued at about $256,000. Nisa Investment Advisors LLC raised its stake in Knight-Swift Transportation by 1.3% in the second quarter. Nisa Investment Advisors LLC now owns 25,376 shares of the transportation company’s stock valued at $1,267,000 after buying an additional 325 shares during the last quarter. Raymond James & Associates raised its stake in Knight-Swift Transportation by 126.5% in the second quarter. Raymond James & Associates now owns 74,138 shares of the transportation company’s stock valued at $3,701,000 after buying an additional 41,409 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Knight-Swift Transportation by 168.3% in the second 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 period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Michael K. Liu sold 5,696 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total value of $304,679.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Michael Garnreiter sold 2,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Tuesday, August 13th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michael K. Liu sold 5,696 shares of Knight-Swift Transportation stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total value of $304,679.04. The disclosure for this sale can be found here. Insiders have sold a total of 85,196 shares of company stock worth $4,367,869 over the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com raised Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 25th. UBS Group cut their price objective on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Raymond James cut their price objective on Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating on the stock in a report on Thursday, July 25th. Wells Fargo & Company began coverage on Knight-Swift Transportation in a report on Friday, June 7th. They issued an “overweight” rating and a $56.00 price objective on the stock. Finally, TD Cowen raised their target price on Knight-Swift Transportation from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $57.14.

Knight-Swift Transportation Price Performance

KNX traded up $0.66 during trading on Friday, hitting $54.17. The company’s stock had a trading volume of 1,058,822 shares, compared to its average volume of 2,106,796. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $60.99. The business’s fifty day simple moving average is $50.72 and its 200 day simple moving average is $51.52. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 80.85, a P/E/G ratio of 1.45 and a beta of 0.93.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.12 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 6th will be given a $0.16 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.18%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Knight-Swift Transportation 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.