Asset Management One Co. Ltd. grew its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,435 shares of the transportation company's stock after purchasing an additional 1,305 shares during the period. Asset Management One Co. Ltd.'s holdings in Knight-Swift Transportation were worth $2,890,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Steward Financial Group LLC acquired a new position in Knight-Swift Transportation in the 1st quarter valued at $26,000. Geneos Wealth Management Inc. purchased a new position in Knight-Swift Transportation during the 2nd quarter worth $28,000. TCI Wealth Advisors Inc. raised its position in Knight-Swift Transportation by 263.9% during the 1st quarter. TCI Wealth Advisors Inc. now owns 655 shares of the transportation company's stock worth $33,000 after buying an additional 475 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in Knight-Swift Transportation by 543.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company's stock worth $47,000 after buying an additional 793 shares during the last quarter. Finally, Arlington Partners LLC purchased a new position in Knight-Swift Transportation during the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 89.64% of the company's stock.

Insiders Place Their Bets

In other Knight-Swift Transportation news, EVP James E. Jr. Updike sold 2,400 shares of the firm's stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $55.18, for a total transaction of $132,432.00. Following the sale, the executive vice president now directly owns 19,944 shares of the company's stock, valued at approximately $1,100,509.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Knight-Swift Transportation Price Performance

Shares of NYSE KNX opened at $46.50 on Friday. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.62 and a beta of 1.19. Knight-Swift Transportation Holdings Inc. has a 52 week low of $42.50 and a 52 week high of $62.29. The company's 50-day moving average price is $50.65 and its 200 day moving average price is $49.21. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22.

Knight-Swift Transportation (NYSE:KNX – Get Rating) last issued its quarterly earnings data on Wednesday, October 19th. The transportation company reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.32 by ($0.05). Knight-Swift Transportation had a net margin of 12.26% and a return on equity of 14.44%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the company posted $1.30 earnings per share. Knight-Swift Transportation's revenue was up 15.5% on a year-over-year basis. As a group, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 5.38 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Monday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.48 annualized dividend and a dividend yield of 1.03%. Knight-Swift Transportation's dividend payout ratio is currently 9.01%.

Knight-Swift Transportation Company Profile

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Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

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