First Trust Advisors LP acquired a new position in Knight-Swift Transportation Holdings Inc (NYSE:KNX) in the second quarter, HoldingsChannel reports. The fund acquired 48,576 shares of the transportation company’s stock, valued at approximately $1,856,000.

A number of other large investors have also added to or reduced their stakes in KNX. Wells Fargo & Company MN increased its stake in Knight-Swift Transportation by 5.7% during the first quarter. Wells Fargo & Company MN now owns 250,153 shares of the transportation company’s stock valued at $11,510,000 after acquiring an additional 13,426 shares during the period. Alps Advisors Inc. bought a new position in Knight-Swift Transportation during the first quarter valued at about $448,000. Robeco Institutional Asset Management B.V. increased its stake in Knight-Swift Transportation by 234.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 7,063 shares of the transportation company’s stock valued at $326,000 after acquiring an additional 4,949 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Knight-Swift Transportation by 5.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 931,881 shares of the transportation company’s stock valued at $42,876,000 after acquiring an additional 51,348 shares during the period. Finally, Aperio Group LLC increased its stake in Knight-Swift Transportation by 4.4% during the first quarter. Aperio Group LLC now owns 45,855 shares of the transportation company’s stock valued at $2,110,000 after acquiring an additional 1,933 shares during the period. 79.60% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on KNX shares. Buckingham Research lowered their price target on Knight-Swift Transportation from $62.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Zacks Investment Research upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Wednesday, June 27th. ValuEngine lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. Morgan Stanley lowered their price target on Knight-Swift Transportation from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, July 26th. Finally, KeyCorp lowered their price target on Knight-Swift Transportation from $55.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, July 26th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Knight-Swift Transportation currently has an average rating of “Buy” and an average target price of $49.44.

KNX stock opened at $36.07 on Thursday. Knight-Swift Transportation Holdings Inc has a 1-year low of $29.00 and a 1-year high of $51.94. The company has a market capitalization of $6.28 billion, a PE ratio of 26.14, a P/E/G ratio of 1.03 and a beta of 1.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.47 and a current ratio of 1.47.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, July 25th. The transportation company reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. Knight-Swift Transportation had a return on equity of 5.74% and a net margin of 13.67%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue was up 387.4% compared to the same quarter last year. analysts forecast that Knight-Swift Transportation Holdings Inc will post 2.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Monday, September 3rd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.67%. Knight-Swift Transportation’s dividend payout ratio is currently 17.39%.

In related news, CAO Wayne Yu acquired 1,750 shares of the stock in a transaction dated Wednesday, August 1st. The shares were bought at an average cost of $32.01 per share, for a total transaction of $56,017.50. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 27.50% of the company’s stock.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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