Bullseye Asset Management LLC Acquires 2,000 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Bullseye Asset Management LLC increased its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the transportation company’s stock after acquiring an additional 2,000 shares during the period. Bullseye Asset Management LLC’s holdings in Knight-Swift Transportation were worth $2,697,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Knight-Swift Transportation during the 3rd quarter worth $3,729,000. Charles Schwab Investment Management Inc. lifted its position in shares of Knight-Swift Transportation by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock valued at $61,878,000 after purchasing an additional 26,346 shares in the last quarter. Paloma Partners Management Co boosted its holdings in Knight-Swift Transportation by 681.6% during the third quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock worth $3,237,000 after purchasing an additional 52,323 shares during the last quarter. Wedge Capital Management L L P NC grew its position in Knight-Swift Transportation by 9.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 263,033 shares of the transportation company’s stock worth $13,131,000 after purchasing an additional 21,689 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Knight-Swift Transportation by 116.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company’s stock valued at $7,056,000 after buying an additional 70,276 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 29,779 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ploeg David Vander sold 500 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the transaction, the director now directly owns 30,729 shares of the company’s stock, valued at $1,754,625.90. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $55.99 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. Knight-Swift Transportation Holdings Inc. has a one year low of $45.55 and a one year high of $60.99. The firm has a market capitalization of $9.06 billion, a P/E ratio of 243.45, a PEG ratio of 1.90 and a beta of 0.96. The business has a fifty day moving average price of $54.64 and a 200-day moving average price of $52.07.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.05 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, December 6th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio is presently 278.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reduced their target price on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Stifel Nicolaus upped their price objective on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Evercore ISI lifted their target price on Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Morgan Stanley reduced their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Finally, Susquehanna lifted their price objective on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Hold” and a consensus target price of $56.38.

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.