First Republic Investment Management Inc. raised its stake in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 27.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,401 shares of the transportation company’s stock after purchasing an additional 2,423 shares during the period. First Republic Investment Management Inc.’s holdings in Knight-Swift Transportation were worth $436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KNX. Point72 Asia Hong Kong Ltd bought a new stake in Knight-Swift Transportation in the first quarter valued at $131,000. We Are One Seven LLC increased its position in shares of Knight-Swift Transportation by 126.8% during the first quarter. We Are One Seven LLC now owns 3,119 shares of the transportation company’s stock worth $144,000 after acquiring an additional 1,744 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Knight-Swift Transportation during the second quarter worth about $164,000. Stratos Wealth Partners LTD. bought a new stake in shares of Knight-Swift Transportation during the first quarter worth about $171,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Knight-Swift Transportation by 43.8% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,177 shares of the transportation company’s stock worth $193,000 after acquiring an additional 1,272 shares in the last quarter. 79.59% of the stock is owned by hedge funds and other institutional investors.

In other news, CAO Wayne Yu acquired 1,750 shares of Knight-Swift Transportation stock in a transaction on Wednesday, August 1st. The stock was acquired at an average cost of $32.01 per share, with a total value of $56,017.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 27.50% of the company’s stock.

Shares of KNX stock opened at $34.91 on Wednesday. Knight-Swift Transportation Holdings Inc has a 52-week low of $29.00 and a 52-week high of $51.94. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.02 and a beta of 1.63.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 25th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.56. Knight-Swift Transportation had a net margin of 13.67% and a return on equity of 5.74%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 387.4% compared to the same quarter last year. equities analysts expect that Knight-Swift Transportation Holdings Inc will post 2.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Monday, September 3rd will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 30th. Knight-Swift Transportation’s payout ratio is 17.39%.

KNX has been the subject of several recent research reports. ValuEngine downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. Zacks Investment Research raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday, June 27th. Barclays raised shares of Knight-Swift Transportation from an “equal weight” rating to an “overweight” rating and set a $55.00 target price for the company in a research report on Monday, July 16th. UBS Group decreased their target price on shares of Knight-Swift Transportation from $57.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, July 26th. Finally, KeyCorp decreased their target price on shares of Knight-Swift Transportation from $55.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, July 26th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $49.53.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics 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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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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