2 weeks Ago By Defense World Staff
Brandes Investment Partners LP purchased a new position in Knight-Swift Transportation Holdings Inc. ( NYSE:KNX – Free Report ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 606,855 shares of the transportation company’s stock, valued at approximately $30,251,000.
Brandes Investment Partners LP owned about 0.38% of Knight-Swift Transportation as of its most recent filing with the Securities & Exchange Commission. Other hedge funds have also recently added to or reduced their stakes in the company.
Rise Advisors LLC acquired a new position in shares of Knight-Swift Transportation in the 1st quarter worth $25,000. GAMMA Investing LLC increased its stake in Knight-Swift Transportation by 67.5% in the 1st quarter.
GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after purchasing an additional 253 shares in the last quarter. Versant Capital Management Inc increased its stake 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 in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Knight-Swift Transportation by 28.
6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after buying an additional 200 shares during the period.
Finally, Massmutual Trust Co. FSB ADV lifted its stake in 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 valued at $51,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 88.
77% of the company’s stock. Knight-Swift Transportation Stock Up 2.5 % Shares of Knight-Swift Transportation stock opened at $54.
05 on Monday. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 80.
67, a P/E/G ratio of 1.47 and a beta of 0.93.
The stock has a 50-day simple moving average of $52.24 and a 200-day simple moving average of $50.57.
Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $60.
99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.
88 and a quick ratio of 0.88. Knight-Swift Transportation Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd.
Shareholders of record on Friday, September 6th were given a dividend of $0.16 per share. This represents a $0.
64 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Friday, September 6th.
Knight-Swift Transportation’s payout ratio is 95.52%. Wall Street Analyst Weigh In Several research firms have recently weighed in on KNX.
Evercore ISI dropped their target price on shares of Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th.
Raymond James lowered their price objective on shares of Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 25th.
Wolfe Research lowered Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Susquehanna raised their target price on Knight-Swift Transportation from $45.00 to $48.
00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Company began coverage on Knight-Swift Transportation in a research report on Friday, June 7th. They set an “overweight” rating and a $56.
00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.00. View Our Latest Stock Report on KNX Insider Buying and Selling at Knight-Swift Transportation In other news, EVP Michael K.
Liu sold 5,696 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total transaction of $304,679.
04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . In other news, EVP Michael K.
Liu sold 5,696 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total value of $304,679.
04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, Chairman Kevin P.
Knight sold 45,000 shares of the company’s stock in a transaction 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 directly owns 1,422,360 shares of the company’s stock, valued at $73,294,210.80.
The disclosure for this sale can be found here . Insiders have sold a total of 85,196 shares of company stock worth $4,367,869 over the last three months. Corporate insiders own 3.
00% of the company’s stock. 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 transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations. Featured Articles Five stocks we like better than Knight-Swift Transportation Compound Interest and Why It Matters When Investing 3 Bargain Stocks Under $20 With Major Growth Potential What is Insider Trading? What You Can Learn from Insider Trading Top 5 ETFs to Own Now and Into 2025 Investing In Preferred Stock vs. Common Stock Watch These 3 Former Short-Squeeze Stocks for a Big Rally Want to see what other hedge funds are holding KNX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Knight-Swift Transportation Holdings Inc. ( NYSE:KNX – Free Report ). Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.
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