The Producers Life Insurance coverage Firm lower its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Ranking) by 4.9% within the third quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Change Fee. The institutional investor owned 130,755 shares of the transportation firm’s inventory after promoting 6,760 shares through the interval. The Producers Life Insurance coverage Firm owned roughly 0.08% of Knight-Swift Transportation value $6,398,000 as of its most up-to-date submitting with the Securities and Change Fee.
Different hedge funds have additionally not too long ago made modifications to their positions within the firm. Ronald Blue Belief Inc. raised its place in shares of Knight-Swift Transportation by 267.9% within the third quarter. Ronald Blue Belief Inc. now owns 574 shares of the transportation firm’s inventory value $26,000 after buying an extra 418 shares within the final quarter. Geneos Wealth Administration Inc. purchased a brand new place in shares of Knight-Swift Transportation within the 2nd quarter value about $28,000. Eagle Bay Advisors LLC grew its stake in shares of Knight-Swift Transportation by 87.2% within the 2nd quarter. Eagle Bay Advisors LLC now owns 979 shares of the transportation firm’s inventory valued at $45,000 after shopping for an extra 456 shares through the interval. Arlington Companions LLC acquired a brand new stake in shares of Knight-Swift Transportation within the 2nd quarter valued at about $46,000. Lastly, Brown Brothers Harriman & Co. grew its stake in shares of Knight-Swift Transportation by 543.2% within the 1st quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation firm’s inventory valued at $47,000 after shopping for an extra 793 shares through the interval. 89.95% of the inventory is owned by institutional traders.
Knight-Swift Transportation Buying and selling Up 2.4 %
NYSE:KNX opened at $59.12 on Monday. The corporate has a present ratio of 1.67, a fast ratio of 1.62 and a debt-to-equity ratio of 0.20. The inventory has a market capitalization of $9.50 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.95 and a beta of 1.17. The agency’s 50 day transferring common is $54.82 and its 200 day transferring common is $52.29. Knight-Swift Transportation Holdings Inc. has a 12 month low of $42.50 and a 12 month excessive of $62.63.
Knight-Swift Transportation (NYSE:KNX – Get Ranking) final posted its quarterly earnings outcomes on Thursday, January twenty sixth. The transportation firm reported $1.00 EPS for the quarter, lacking analysts’ consensus estimates of $1.13 by ($0.13). The corporate had income of $1.74 billion through the quarter, in comparison with the consensus estimate of $1.80 billion. Knight-Swift Transportation had a return on fairness of 12.17% and a internet margin of 10.38%. The corporate’s income for the quarter was down 4.0% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the agency posted $1.61 EPS. Promote-side analysts count on that Knight-Swift Transportation Holdings Inc. will submit 4.13 earnings per share for the present yr.
Knight-Swift Transportation Dividend Announcement
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Tuesday, December twenty seventh. Shareholders of document on Monday, December fifth had been issued a dividend of $0.12 per share. The ex-dividend date was Friday, December 2nd. This represents a $0.48 dividend on an annualized foundation and a yield of 0.81%. Knight-Swift Transportation’s payout ratio is 10.15%.
Analysts Set New Value Targets
KNX has been the topic of a number of analysis reviews. Stephens raised their goal worth on Knight-Swift Transportation from $65.00 to $75.00 and gave the corporate an “obese” score in a analysis notice on Friday. Raymond James raised their goal worth on Knight-Swift Transportation from $53.00 to $63.00 and gave the corporate an “outperform” score in a analysis notice on Friday, January twentieth. Credit score Suisse Group diminished their goal worth on Knight-Swift Transportation from $65.00 to $63.00 and set an “outperform” score for the corporate in a analysis notice on Thursday, October twentieth. Stifel Nicolaus lifted their worth goal on Knight-Swift Transportation from $62.00 to $69.00 and gave the corporate a “purchase” score in a analysis notice on Thursday, January nineteenth. Lastly, Deutsche Financial institution Aktiengesellschaft lifted their worth goal on Knight-Swift Transportation from $63.00 to $69.00 and gave the corporate a “purchase” score in a analysis notice on Monday, November twenty eighth. One funding analyst has rated the inventory with a promote score, 4 have issued a maintain score and 13 have given a purchase score to the corporate. In accordance with MarketBeat.com, Knight-Swift Transportation at the moment has a median score of “Reasonable Purchase” and a consensus goal worth of $63.06.
Knight-Swift Transportation Firm Profile
Knight-Swift Transportation Holdings, Inc engages within the provision of a number of truckload transportation and logistics companies. It operates by way of the next enterprise segments: Trucking, Logistics, and Intermodal. The Trucking phase contains irregular route and devoted, refrigerated, expedited, flatbed, and cross-border operations.
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