Hantz Financial Services Inc. Buys New Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Hantz Financial Services Inc. purchased a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,167 shares of the transportation company’s stock, valued at approximately $1,142,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Interval Partners LP increased its holdings in Knight-Swift Transportation by 8,520.1% in the second quarter. Interval Partners LP now owns 1,293,011 shares of the transportation company’s stock valued at $64,547,000 after buying an additional 1,278,011 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Knight-Swift Transportation by 1,728.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,330,934 shares of the transportation company’s stock valued at $66,440,000 after purchasing an additional 1,258,157 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Knight-Swift Transportation by 27.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock worth $271,121,000 after purchasing an additional 1,176,069 shares in the last quarter. Millennium Management LLC grew its holdings in Knight-Swift Transportation by 309.7% in the second quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company’s stock valued at $53,331,000 after purchasing an additional 807,572 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Knight-Swift Transportation by 10.9% in the second quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock valued at $379,133,000 after buying an additional 744,412 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Price Performance

NYSE:KNX opened at $59.36 on Monday. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week high of $60.99. The stock’s fifty day moving average is $54.25 and its two-hundred day moving average is $51.71. The company has a market capitalization of $9.61 billion, a P/E ratio of 258.10, a P/E/G ratio of 2.03 and a beta of 0.93. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31.

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

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be issued a $0.16 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.64 annualized dividend and a yield of 1.08%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 278.27%.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Ploeg David Vander sold 500 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the sale, the director now directly owns 30,729 shares in the company, valued at $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Kevin P. Knight sold 29,779 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KNX has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their price target on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI upped their price target on shares of 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. TD Cowen raised their price target on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays raised their target price on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley reduced their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Hold” and an average price target of $56.38.

Knight-Swift Transportation Company 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.