We Are One Seven LLC Has $144,000 Position in Knight-Swift Transportation Holdings Inc (KNX)

We Are One Seven LLC increased its position in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 126.8% in the 1st quarter, HoldingsChannel reports. The fund owned 3,119 shares of the transportation company’s stock after buying an additional 1,744 shares during the quarter. We Are One Seven LLC’s holdings in Knight-Swift Transportation were worth $144,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec increased its holdings in Knight-Swift Transportation by 17.6% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 56,209 shares of the transportation company’s stock worth $2,457,000 after acquiring an additional 8,400 shares in the last quarter. State of Tennessee Treasury Department purchased a new stake in Knight-Swift Transportation in the 4th quarter worth approximately $4,809,000. Swiss National Bank increased its holdings in Knight-Swift Transportation by 8.8% in the 4th quarter. Swiss National Bank now owns 490,696 shares of the transportation company’s stock worth $21,453,000 after acquiring an additional 39,500 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Knight-Swift Transportation in the 4th quarter worth approximately $10,345,000. Finally, Wells Fargo & Company MN boosted its stake in Knight-Swift Transportation by 127.4% in the 4th quarter. Wells Fargo & Company MN now owns 236,727 shares of the transportation company’s stock worth $10,350,000 after purchasing an additional 132,630 shares during the period. 80.30% of the stock is owned by institutional investors.

Shares of KNX opened at $42.10 on Thursday. The firm has a market capitalization of $7.37 billion, a P/E ratio of 30.51, a P/E/G ratio of 1.20 and a beta of 1.68. Knight-Swift Transportation Holdings Inc has a 52-week low of $34.39 and a 52-week high of $51.94. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.11.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.30 billion. Knight-Swift Transportation had a return on equity of 5.75% and a net margin of 13.22%. Knight-Swift Transportation’s revenue was up 368.7% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc will post 2.3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Friday, June 1st will be given a $0.06 dividend. The ex-dividend date is Thursday, May 31st. This represents a $0.24 dividend on an annualized basis and a yield of 0.57%. Knight-Swift Transportation’s dividend payout ratio is presently 17.39%.

In other Knight-Swift Transportation news, General Counsel Todd F. Carlson sold 5,000 shares of the stock in a transaction on Friday, May 18th. The stock was sold at an average price of $40.05, for a total value of $200,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Gary J. Knight sold 15,000 shares of the stock in a transaction on Friday, May 18th. The stock was sold at an average price of $40.22, for a total value of $603,300.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,794 shares of company stock valued at $3,954,288. 27.50% of the stock is owned by corporate insiders.

KNX has been the subject of several recent analyst reports. ValuEngine upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Stifel Nicolaus restated a “hold” rating and issued a $48.00 price target on shares of Knight-Swift Transportation in a research note on Friday, April 6th. Goldman Sachs Group initiated coverage on Knight-Swift Transportation in a research note on Tuesday, April 10th. They issued a “neutral” rating and a $47.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on Knight-Swift Transportation from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, April 26th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Knight-Swift Transportation currently has a consensus rating of “Buy” and an average target price of $52.22.

About Knight-Swift Transportation

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