American Century Companies Inc. trimmed its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 5.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,467 shares of the transportation company’s stock after selling 12,450 shares during the period. American Century Companies Inc. owned approximately 0.14% of Knight-Swift Transportation worth $12,292,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Knight-Swift Transportation during the first quarter valued at approximately $26,000. Venturi Wealth Management LLC purchased a new position in shares of Knight-Swift Transportation during the first quarter valued at approximately $28,000. Fifth Third Bancorp raised its holdings in shares of Knight-Swift Transportation by 39.6% during the first quarter. Fifth Third Bancorp now owns 829 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 235 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Knight-Swift Transportation by 543.2% during the first quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 793 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in Knight-Swift Transportation during the fourth quarter valued at approximately $55,000. 87.88% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Knight-Swift Transportation
In other Knight-Swift Transportation news, SVP Dustin Ohlman sold 1,296 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $56.91, for a total transaction of $73,755.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $59.00, for a total value of $118,000.00. Following the sale, the chief accounting officer now owns 5,880 shares of the company’s stock, valued at $346,920. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Dustin Ohlman sold 1,296 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $56.91, for a total transaction of $73,755.36. The disclosure for this sale can be found here. Insiders sold 103,296 shares of company stock worth $6,210,755 over the last 90 days. 3.10% of the stock is owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Research Report on KNX
Knight-Swift Transportation Price Performance
Shares of NYSE:KNX opened at $55.24 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a fifty day moving average price of $56.84 and a 200 day moving average price of $56.38. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.63 and a fifty-two week high of $64.35. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.64 and a beta of 1.17.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last issued its earnings results on Thursday, July 20th. The transportation company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). Knight-Swift Transportation had a return on equity of 8.08% and a net margin of 7.48%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.59 billion. As a group, sell-side analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.19 earnings per share for the current fiscal year.
Knight-Swift Transportation Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.56 annualized dividend and a yield of 1.01%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 17.72%.
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 transportations services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.
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