GHP Investment Advisors Inc. Acquires 3,645 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

27 Oct 2024, 12:06 by Tristan Rich · The Markets Daily

GHP Investment Advisors Inc. grew its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,464 shares of the transportation company’s stock after buying an additional 3,645 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Knight-Swift Transportation were worth $3,316,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Versant Capital Management Inc boosted its holdings in Knight-Swift Transportation by 3,461.9% during the 2nd quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 727 shares during the period. Brown Brothers Harriman & Co. lifted its position in Knight-Swift Transportation by 28.6% in the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 200 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Knight-Swift Transportation by 168.3% during the second quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 579 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in shares of Knight-Swift Transportation by 50.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock worth $51,000 after purchasing an additional 343 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Knight-Swift Transportation by 36.6% in the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after buying an additional 302 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 25th. Barclays increased their price objective on Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. The Goldman Sachs Group reduced their target price on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. TD Cowen boosted their price objective on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Wolfe Research cut shares of Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.94.

View Our Latest Research Report on Knight-Swift Transportation

Knight-Swift Transportation Price Performance

Shares of KNX opened at $52.55 on Friday. The firm’s 50-day simple moving average is $52.22 and its two-hundred day simple moving average is $50.35. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The stock has a market cap of $8.51 billion, a PE ratio of 128.17, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX – Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. Analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.06 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 6th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio is presently 156.10%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the completion of the sale, the chairman now directly owns 1,467,360 shares in the company, valued at approximately $73,852,228.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Kevin P. Knight sold 30,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the sale, the chairman now owns 1,467,360 shares in the company, valued at $73,852,228.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $53.32, for a total transaction of $133,300.00. Following the sale, the director now directly owns 21,833 shares of the company’s stock, valued at $1,164,135.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,196 shares of company stock worth $4,367,869 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Profile

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