Glenview Trust Co Trims Position in Knight-Swift Transportation Holdings Inc (KNX)

Glenview Trust Co lessened its holdings in Knight-Swift Transportation Holdings Inc (NYSE:KNX) by 27.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,475 shares of the transportation company’s stock after selling 1,658 shares during the period. Glenview Trust Co’s holdings in Knight-Swift Transportation were worth $206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Raymond James & Associates boosted its stake in Knight-Swift Transportation by 3.0% during the fourth quarter. Raymond James & Associates now owns 36,323 shares of the transportation company’s stock worth $1,588,000 after buying an additional 1,061 shares during the period. Amalgamated Bank boosted its stake in Knight-Swift Transportation by 6.5% during the fourth quarter. Amalgamated Bank now owns 18,394 shares of the transportation company’s stock worth $804,000 after buying an additional 1,124 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Knight-Swift Transportation by 3.3% during the first quarter. Municipal Employees Retirement System of Michigan now owns 39,860 shares of the transportation company’s stock worth $1,834,000 after buying an additional 1,260 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in Knight-Swift Transportation by 43.8% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,177 shares of the transportation company’s stock worth $193,000 after buying an additional 1,272 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Knight-Swift Transportation by 16.4% during the first quarter. Toronto Dominion Bank now owns 9,135 shares of the transportation company’s stock worth $420,000 after buying an additional 1,286 shares during the period. 80.30% of the stock is owned by institutional investors.

Shares of KNX opened at $42.01 on Friday. The firm has a market cap of $7.46 billion, a PE ratio of 26.85, a P/E/G ratio of 1.21 and a beta of 1.68. Knight-Swift Transportation Holdings Inc has a 12-month low of $34.39 and a 12-month high of $51.94. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.11.



Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.30 billion. Knight-Swift Transportation had a net margin of 13.22% and a return on equity of 5.75%. The business’s revenue was up 368.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 earnings per share. analysts predict that Knight-Swift Transportation Holdings Inc will post 2.3 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 27th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, May 31st. Knight-Swift Transportation’s dividend payout ratio is currently 17.39%.

KNX has been the subject of several recent analyst reports. Stifel Nicolaus raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Monday, May 21st. Zacks Investment Research lowered shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. ValuEngine raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. UBS Group lifted their price objective on shares of Knight-Swift Transportation from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, April 26th. Finally, Goldman Sachs Group initiated coverage on shares of Knight-Swift Transportation in a research note on Tuesday, April 10th. They set a “neutral” rating and a $47.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Knight-Swift Transportation presently has a consensus rating of “Buy” and a consensus target price of $52.22.

In related news, General Counsel Todd F. Carlson sold 5,000 shares of Knight-Swift Transportation stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $40.05, for a total value of $200,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathryn L. Munro sold 5,069 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $39.27, for a total value of $199,059.63. The disclosure for this sale can be found here. Insiders have sold 98,794 shares of company stock valued at $3,954,288 over the last three months. Insiders own 27.50% of the company’s stock.

Knight-Swift Transportation Company 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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