Landsberg Bennett & Dubbaneh LLC Decreases Stake in Knight-Swift Transportation Holdings Inc (NYSE:KNX)

Landsberg Bennett & Dubbaneh LLC decreased its position in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,185 shares of the transportation company’s stock after selling 1,930 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in Knight-Swift Transportation were worth $975,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Scout Investments Inc. purchased a new stake in Knight-Swift Transportation in the 3rd quarter valued at about $18,266,000. State of Alaska Department of Revenue increased its stake in Knight-Swift Transportation by 59.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 21,832 shares of the transportation company’s stock valued at $792,000 after buying an additional 8,123 shares during the last quarter. Macquarie Group Ltd. increased its stake in Knight-Swift Transportation by 1.6% in the 2nd quarter. Macquarie Group Ltd. now owns 212,779 shares of the transportation company’s stock valued at $6,988,000 after buying an additional 3,365 shares during the last quarter. Atria Investments LLC increased its stake in Knight-Swift Transportation by 45.2% in the 2nd quarter. Atria Investments LLC now owns 27,189 shares of the transportation company’s stock valued at $893,000 after buying an additional 8,460 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Knight-Swift Transportation in the 2nd quarter valued at about $6,588,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

A number of research analysts have recently weighed in on KNX shares. Stifel Nicolaus reissued a “hold” rating and set a $40.00 target price (up from $39.00) on shares of Knight-Swift Transportation in a research report on Thursday, July 25th. ValuEngine downgraded shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research report on Tuesday. Knight Equity started coverage on shares of Knight-Swift Transportation in a research report on Thursday, September 5th. They set a “positive” rating and a $40.00 target price for the company. Susquehanna Bancshares started coverage on shares of Knight-Swift Transportation in a research report on Thursday, September 5th. They set a “positive” rating and a $40.00 target price for the company. Finally, Stephens started coverage on shares of Knight-Swift Transportation in a research report on Monday, July 1st. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $42.77.



In related news, EVP James L. Fitzsimmons sold 1,582 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $36.72, for a total value of $58,091.04. Also, COO Kevin Quast sold 4,703 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $33.36, for a total transaction of $156,892.08. Following the completion of the transaction, the chief operating officer now directly owns 11,602 shares of the company’s stock, valued at $387,042.72. The disclosure for this sale can be found here. 27.50% of the stock is currently owned by company insiders.

Shares of Knight-Swift Transportation stock traded up $1.34 on Friday, reaching $36.13. 125,074 shares of the company traded hands, compared to its average volume of 1,967,497. Knight-Swift Transportation Holdings Inc has a 52 week low of $23.27 and a 52 week high of $39.26. The company has a 50 day moving average of $34.92 and a 200 day moving average of $33.38. The firm has a market capitalization of $5.83 billion, a PE ratio of 14.11, a PEG ratio of 0.95 and a beta of 1.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 24th. The transportation company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.28 billion. Knight-Swift Transportation had a net margin of 8.19% and a return on equity of 8.66%. The company’s revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. As a group, analysts anticipate that Knight-Swift Transportation Holdings Inc will post 2.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Tuesday, September 3rd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.66%. The ex-dividend date was Friday, August 30th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 9.38%.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation 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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