Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Knight-Swift Transportation Holdings Inc (NYSE:KNX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 418,099 shares of the transportation company’s stock, valued at approximately $17,372,000. Sumitomo Mitsui Trust Holdings Inc. owned 0.24% of Knight-Swift Transportation as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Knight-Swift Transportation by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,794 shares of the transportation company’s stock worth $104,000 after acquiring an additional 288 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Knight-Swift Transportation by 58.2% in the second quarter. Riverhead Capital Management LLC now owns 5,063 shares of the transportation company’s stock worth $187,000 after acquiring an additional 1,863 shares during the period. Victory Capital Management Inc. grew its stake in shares of Knight-Swift Transportation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,385 shares of the transportation company’s stock worth $200,000 after acquiring an additional 807 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Knight-Swift Transportation in the second quarter worth approximately $202,000. Finally, Toronto Dominion Bank bought a new stake in shares of Knight-Swift Transportation in the third quarter worth approximately $234,000. Hedge funds and other institutional investors own 65.87% of the company’s stock.

A number of analysts have recently commented on the stock. Knight Equity upgraded shares of Knight-Swift Transportation to a “buy” rating in a research note on Sunday. KeyCorp upgraded shares of Knight-Swift Transportation from a “sector weight” rating to an “overweight” rating in a research note on Tuesday, November 14th. Zacks Investment Research lowered shares of Knight-Swift Transportation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 14th. UBS AG cut their target price on shares of Knight-Swift Transportation from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Finally, Credit Suisse Group cut their target price on shares of Knight-Swift Transportation from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $41.13.

In other Knight-Swift Transportation news, General Counsel Todd F. Carlson sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $39.24, for a total value of $353,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Garnreiter sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $38.50, for a total transaction of $96,250.00. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.

Shares of Knight-Swift Transportation Holdings Inc (KNX) traded down $0.09 during midday trading on Monday, reaching $39.83. 737,000 shares of the company traded hands, compared to its average volume of 1,727,859. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $7,087.07, a price-to-earnings ratio of 29.87 and a beta of 2.07. Knight-Swift Transportation Holdings Inc has a 12 month low of $26.68 and a 12 month high of $44.45.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Monday, November 6th. The transportation company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). The firm had revenue of $521.61 million during the quarter, compared to the consensus estimate of $1.33 billion. Knight-Swift Transportation had a return on equity of 7.48% and a net margin of 2.44%. During the same quarter in the previous year, the company earned $0.34 earnings per share. analysts predict that Knight-Swift Transportation Holdings Inc will post 1.13 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Friday, December 1st will be given a $0.06 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.60%.

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About Knight-Swift Transportation

Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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