Versant Capital Management Inc Has $37,000 Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Versant Capital Management Inc lifted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 3,461.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 748 shares of the transportation company’s stock after acquiring an additional 727 shares during the quarter. Versant Capital Management Inc’s holdings in Knight-Swift Transportation were worth $37,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in Knight-Swift Transportation by 583.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 33,165 shares of the transportation company’s stock worth $1,912,000 after buying an additional 28,309 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Knight-Swift Transportation by 15.7% during the 4th quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock worth $906,016,000 after buying an additional 2,137,296 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Knight-Swift Transportation by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,058,952 shares of the transportation company’s stock valued at $61,049,000 after acquiring an additional 35,549 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Knight-Swift Transportation by 63.8% during the 4th quarter. V Square Quantitative Management LLC now owns 1,697 shares of the transportation company’s stock valued at $98,000 after acquiring an additional 661 shares during the last quarter. Finally, Duality Advisers LP raised its position in shares of Knight-Swift Transportation by 1,686.4% during the 1st quarter. Duality Advisers LP now owns 66,098 shares of the transportation company’s stock valued at $3,637,000 after acquiring an additional 62,398 shares during the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michael K. Liu sold 5,696 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total value of $304,679.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Knight-Swift Transportation news, EVP Michael K. Liu sold 5,696 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total transaction of $304,679.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Kevin P. Knight sold 30,000 shares of the company’s stock in a transaction 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 directly owns 1,467,360 shares in the company, valued at approximately $73,852,228.80. The disclosure for this sale can be found here. Insiders have sold a total of 80,696 shares of company stock valued at $4,133,429 over the last 90 days. 3.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on KNX. Bank of America upped their target price on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. upped their target price on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Raymond James lowered their price objective on shares of Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating for the company in a research report on Thursday, July 25th. 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. Finally, UBS Group lowered their price objective on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $56.79.

Knight-Swift Transportation Price Performance

NYSE:KNX traded up $0.25 during mid-day trading on Wednesday, reaching $52.78. The stock had a trading volume of 420,079 shares, compared to its average volume of 2,148,330. The stock has a 50-day simple moving average of $49.46 and a two-hundred day simple moving average of $51.95. The stock has a market capitalization of $8.53 billion, a PE ratio of 78.39, a P/E/G ratio of 1.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.93. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 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 up 18.9% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. On average, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.13 earnings per share for the current year.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.