Deseret Mutual Benefit Administrators Boosts Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Deseret Mutual Benefit Administrators increased its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 87.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 747 shares of the transportation company’s stock after purchasing an additional 348 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Knight-Swift Transportation were worth $40,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KNX. Interval Partners LP increased its stake in Knight-Swift Transportation by 8,520.1% in the 2nd quarter. Interval Partners LP now owns 1,293,011 shares of the transportation company’s stock worth $64,547,000 after acquiring an additional 1,278,011 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in 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 worth $66,440,000 after acquiring an additional 1,258,157 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Knight-Swift Transportation by 27.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock worth $271,121,000 after acquiring an additional 1,176,069 shares during the last quarter. Millennium Management LLC increased its stake in Knight-Swift Transportation by 309.7% in the 2nd quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company’s stock worth $53,331,000 after acquiring an additional 807,572 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Knight-Swift Transportation by 10.9% in the 2nd quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock worth $379,133,000 after acquiring an additional 744,412 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Michael Garnreiter sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the sale, the director now directly owns 17,648 shares in the company, valued at $892,459.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.32, for a total value of $133,300.00. Following the sale, the director now directly owns 21,833 shares in the company, valued at approximately $1,164,135.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Garnreiter sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the completion of the sale, the director now owns 17,648 shares in the company, valued at $892,459.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation Trading Down 0.6 %

KNX opened at $57.48 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50 day simple moving average is $52.31 and its two-hundred day simple moving average is $50.56. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 250.05, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93. Knight-Swift Transportation Holdings Inc. has a 1-year low of $45.55 and a 1-year high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share 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 analysts’ expectations of $1.91 billion. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The company’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on KNX. Raymond James lifted their price objective on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 14th. Stifel Nicolaus boosted their target price on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Susquehanna boosted their target price on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Citigroup initiated coverage on Knight-Swift Transportation in a research report on Wednesday, October 9th. They set a “neutral” rating and a $55.00 target price on the stock. Finally, StockNews.com raised Knight-Swift Transportation to a “sell” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.94.

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.