William Blair Investment Management LLC purchased a new position in shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,574 shares of the transportation company’s stock, valued at approximately $951,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. purchased a new stake in Knight-Swift Transportation during the third quarter worth $135,000. First Interstate Bank purchased a new position in Knight-Swift Transportation during the third quarter valued at $194,000. Point72 Hong Kong Ltd lifted its holdings in Knight-Swift Transportation by 97.8% during the second quarter. Point72 Hong Kong Ltd now owns 5,642 shares of the transportation company’s stock valued at $216,000 after purchasing an additional 2,789 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in Knight-Swift Transportation during the second quarter valued at $240,000. Finally, Homrich & Berg purchased a new position in Knight-Swift Transportation during the second quarter valued at $269,000. 80.94% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:KNX opened at $28.82 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $5.47 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 0.87 and a beta of 1.51. Knight-Swift Transportation Holdings Inc has a twelve month low of $28.68 and a twelve month high of $51.94.
Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. Knight-Swift Transportation had a net margin of 13.47% and a return on equity of 7.26%. The company’s revenue for the quarter was up 158.2% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. On average, research analysts anticipate that Knight-Swift Transportation Holdings Inc will post 2.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Monday, December 3rd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, November 30th. Knight-Swift Transportation’s dividend payout ratio is currently 17.39%.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Loop Capital increased their price objective on shares of Knight-Swift Transportation from $45.00 to $47.00 and gave the company a “buy” rating in a report on Friday, October 26th. Robert W. Baird decreased their price objective on shares of Knight-Swift Transportation from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. ValuEngine raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Buckingham Research decreased their price objective on shares of Knight-Swift Transportation from $54.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, October 12th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Knight-Swift Transportation has a consensus rating of “Buy” and a consensus price target of $47.53.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by Equities Focus and is the property of of Equities Focus. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.equitiesfocus.com/2018/12/08/27574-shares-in-knight-swift-transportation-holdings-inc-knx-purchased-by-william-blair-investment-management-llc.html.
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.
Featured Story: Consumer Price Index (CPI)
Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.