Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stake Trimmed by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,287 shares of the transportation company’s stock after selling 602 shares during the period. Gulf International Bank UK Ltd’s holdings in Knight-Swift Transportation were worth $663,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rise Advisors LLC bought a new stake in Knight-Swift Transportation in the first quarter worth $25,000. GAMMA Investing LLC boosted its holdings in Knight-Swift Transportation by 67.5% in the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 253 shares during the period. Versant Capital Management Inc grew its position in Knight-Swift Transportation by 3,461.9% in the 2nd quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock worth $37,000 after purchasing an additional 727 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Knight-Swift Transportation by 61.7% during the fourth quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock valued at $43,000 after buying an additional 283 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Knight-Swift Transportation by 50.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock valued at $51,000 after buying an additional 343 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Trading Up 0.4 %

NYSE KNX traded up $0.22 during trading on Thursday, reaching $52.35. 424,332 shares of the stock traded hands, compared to its average volume of 2,149,031. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The company has a quick ratio of 0.93, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 77.81, a price-to-earnings-growth ratio of 1.36 and a beta of 0.93. The stock’s 50-day moving average price is $49.58 and its 200 day moving average price is $51.95.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm posted $0.49 earnings per share. The firm’s revenue was up 18.9% on a year-over-year basis. Analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KNX shares. Wolfe Research cut shares of Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Bank of America raised their price target on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. TD Cowen upped their price objective on Knight-Swift Transportation from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. UBS Group cut their target price on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Robert W. Baird lowered their price target on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.79.

Insiders Place Their Bets

In other news, EVP Michael K. Liu sold 5,696 shares of Knight-Swift Transportation stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 can be accessed through the SEC website. In other news, Chairman Kevin P. Knight sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the sale, the chairman now owns 1,422,360 shares in the company, valued at approximately $73,294,210.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael K. Liu sold 5,696 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total transaction of $304,679.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,696 shares of company stock worth $4,133,429. Corporate insiders own 3.00% of the company’s stock.

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.