Country Trust Bank grew its stake in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 22.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 806,758 shares of the transportation company’s stock after acquiring an additional 146,162 shares during the period. Country Trust Bank owned about 0.47% of Knight-Swift Transportation worth $26,365,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Knight-Swift Transportation by 30.7% in the 4th quarter. FMR LLC now owns 12,996,448 shares of the transportation company’s stock valued at $325,820,000 after acquiring an additional 3,050,407 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Knight-Swift Transportation by 4.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,854,743 shares of the transportation company’s stock valued at $236,350,000 after acquiring an additional 297,157 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Knight-Swift Transportation by 25.7% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,961,925 shares of the transportation company’s stock valued at $74,256,000 after acquiring an additional 606,350 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Knight-Swift Transportation by 19.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,916,099 shares of the transportation company’s stock valued at $100,547,000 after acquiring an additional 476,959 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of Knight-Swift Transportation by 33.4% in the 3rd quarter. Teachers Advisors LLC now owns 2,833,389 shares of the transportation company’s stock valued at $97,695,000 after acquiring an additional 709,592 shares during the period. 82.56% of the stock is currently owned by institutional investors and hedge funds.
KNX traded up $0.91 during trading hours on Wednesday, hitting $34.49. 28,989 shares of the company’s stock were exchanged, compared to its average volume of 1,869,294. Knight-Swift Transportation Holdings Inc has a 12-month low of $23.27 and a 12-month high of $44.86. The company has a market cap of $5.81 billion, a P/E ratio of 13.48, a PEG ratio of 0.82 and a beta of 1.92. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.12.
Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Tuesday, January 29th. The transportation company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.92 by $0.01. Knight-Swift Transportation had a net margin of 7.85% and a return on equity of 8.46%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. Research analysts forecast that Knight-Swift Transportation Holdings Inc will post 2.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Monday, March 4th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, March 1st. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 9.38%.
In other Knight-Swift Transportation news, VP Shannon Breen sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $34.82, for a total transaction of $34,820.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Gary J. Knight sold 180,368 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $33.18, for a total transaction of $5,984,610.24. The disclosure for this sale can be found here. Insiders have sold a total of 336,828 shares of company stock valued at $11,196,519 in the last quarter. 27.50% of the stock is currently owned by company insiders.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Friday, February 1st. ValuEngine downgraded shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, TheStreet raised shares of Knight-Swift Transportation from a “c+” rating to a “b-” rating in a research note on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Knight-Swift Transportation has a consensus rating of “Buy” and a consensus target price of $45.17.
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Knight-Swift Transportation Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation 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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