Aristotle Capital Boston LLC Raises Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

by · The Cerbat Gem

Aristotle Capital Boston LLC grew its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 4.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 201,820 shares of the transportation company’s stock after acquiring an additional 8,789 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Knight-Swift Transportation were worth $11,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in KNX. Orion Capital Management LLC bought a new stake in shares of Knight-Swift Transportation during the 1st quarter valued at $26,000. Steward Financial Group LLC purchased a new stake in shares of Knight-Swift Transportation in the second quarter worth about $27,000. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Knight-Swift Transportation by 111.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 657 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 347 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in Knight-Swift Transportation during the second quarter valued at approximately $44,000. Finally, Brown Brothers Harriman & Co. increased its holdings in Knight-Swift Transportation by 543.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company’s stock worth $47,000 after acquiring an additional 793 shares during the period. Institutional investors own 87.88% of the company’s stock.

Knight-Swift Transportation Trading Up 0.2 %

Shares of NYSE:KNX traded up $0.11 on Wednesday, hitting $56.57. The company had a trading volume of 107,892 shares, compared to its average volume of 1,938,425. The firm’s 50-day simple moving average is $50.46 and its two-hundred day simple moving average is $53.83. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 1.76 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.73 and a 1 year high of $64.35.

Knight-Swift Transportation (NYSE:KNX – Get Free Report) last announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.89 billion. Knight-Swift Transportation had a return on equity of 6.03% and a net margin of 5.41%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 earnings per share. Equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.12 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.56 annualized dividend and a dividend yield of 0.99%. Knight-Swift Transportation’s payout ratio is currently 24.14%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Knight-Swift Transportation from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $54.00 to $57.00 in a research report on Friday, October 20th. StockNews.com started coverage on Knight-Swift Transportation in a report on Thursday, October 5th. They set a “sell” rating for the company. TD Cowen raised their target price on shares of Knight-Swift Transportation from $58.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. TheStreet raised shares of Knight-Swift Transportation from a “c+” rating to a “b-” rating in a report on Monday. Finally, Morgan Stanley lifted their price target on Knight-Swift Transportation from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.93.

View Our Latest Report on KNX

Insider Buying and Selling at Knight-Swift Transportation

In other news, EVP James L. Fitzsimmons sold 2,664 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $53.73, for a total transaction of $143,136.72. Following the transaction, the executive vice president now directly owns 4,632 shares of the company’s stock, valued at $248,877.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Knight-Swift Transportation news, EVP Timothy Sean Harrington sold 1,200 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $52.00, for a total value of $62,400.00. Following the completion of the sale, the executive vice president now owns 5,278 shares in the company, valued at $274,456. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP James L. Fitzsimmons sold 2,664 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $53.73, for a total value of $143,136.72. Following the transaction, the executive vice president now owns 4,632 shares of the company’s stock, valued at $248,877.36. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.

Knight-Swift Transportation Profile

(Free Report)

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 transportations services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.

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