Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Two Point Capital Management Inc.

Two Point Capital Management Inc. lowered its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,790 shares of the transportation company’s stock after selling 374 shares during the quarter. Knight-Swift Transportation makes up about 3.2% of Two Point Capital Management Inc.’s holdings, making the stock its 15th biggest position. Two Point Capital Management Inc. owned 0.10% of Knight-Swift Transportation worth $8,890,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Duality Advisers LP increased its position in Knight-Swift Transportation by 1,686.4% during the first quarter. Duality Advisers LP now owns 66,098 shares of the transportation company’s stock worth $3,637,000 after buying an additional 62,398 shares during the period. Virtu Financial LLC purchased a new stake in Knight-Swift Transportation in the 1st quarter valued at $1,935,000. Wedge Capital Management L L P NC boosted its stake in Knight-Swift Transportation by 9.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 263,033 shares of the transportation company’s stock worth $13,131,000 after purchasing an additional 21,689 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Knight-Swift Transportation by 21.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,821 shares of the transportation company’s stock worth $4,942,000 after purchasing an additional 15,600 shares during the last quarter. Finally, Swedbank AB acquired a new position in Knight-Swift Transportation in the first quarter valued at $3,162,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $57.79 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $9.35 billion, a PE ratio of 251.27, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93. The company has a 50-day simple moving average of $52.31 and a 200-day simple moving average of $50.56. 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 released its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the company earned $0.41 EPS. Knight-Swift Transportation’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, equities analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.06 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KNX shares. StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a research note on Thursday, July 25th. Susquehanna lifted their target price on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. 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 note on Thursday, October 24th. Citigroup assumed coverage on Knight-Swift Transportation in a research report on Wednesday, October 9th. They set a “neutral” rating and a $55.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price target on Knight-Swift Transportation from $51.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.94.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the business’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 value of $133,300.00. Following the completion of the sale, the director now directly owns 21,833 shares in the company, valued at approximately $1,164,135.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michael Garnreiter sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total value of $101,140.00. Following the completion of the sale, the director now owns 17,648 shares of the company’s stock, valued at $892,459.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $53.32, for a total value of $133,300.00. Following the transaction, the director now directly owns 21,833 shares in the company, valued at $1,164,135.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

About Knight-Swift Transportation

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.