UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $55.94 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 24.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,036,790 shares of the transportation company’s stock after purchasing an additional 204,228 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.64% of Knight-Swift Transportation worth $55,935,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KNX. Massmutual Trust Co. FSB ADV raised its holdings in shares of Knight-Swift Transportation by 50.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock worth $51,000 after acquiring an additional 343 shares in the last quarter. DNB Asset Management AS lifted its holdings in shares of Knight-Swift Transportation by 8.2% during the 2nd quarter. DNB Asset Management AS now owns 28,299 shares of the transportation company’s stock valued at $1,413,000 after buying an additional 2,138 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Knight-Swift Transportation by 2.5% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 19,936 shares of the transportation company’s stock valued at $995,000 after buying an additional 481 shares in the last quarter. Country Trust Bank increased its holdings in Knight-Swift Transportation by 2.0% in the second quarter. Country Trust Bank now owns 591,808 shares of the transportation company’s stock worth $29,543,000 after buying an additional 11,781 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its position in Knight-Swift Transportation by 9.0% during the second quarter. Wedge Capital Management L L P NC now owns 263,033 shares of the transportation company’s stock valued at $13,131,000 after acquiring an additional 21,689 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KNX. Stifel Nicolaus increased their price target on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. The Goldman Sachs Group lowered their target price on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Citigroup downgraded Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target for the company. in a research note on Tuesday, November 12th. Barclays raised their price objective on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Evercore ISI upped their target price on Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.38.

Knight-Swift Transportation Stock Down 2.9 %

KNX stock opened at $56.78 on Wednesday. The business’s 50-day simple moving average is $54.43 and its 200 day simple moving average is $51.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. The company has a market cap of $9.19 billion, a PE ratio of 246.88, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. Knight-Swift Transportation’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. On average, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.05 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be paid a $0.16 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.13%. Knight-Swift Transportation’s payout ratio is currently 278.27%.

Insider Buying and Selling

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