Ararat Capital Management LP Has $9.44 Million Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Ararat Capital Management LP lowered its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 43.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,011 shares of the transportation company's stock after selling 135,980 shares during the quarter. Knight-Swift Transportation comprises approximately 3.8% of Ararat Capital Management LP's investment portfolio, making the stock its 14th biggest holding. Ararat Capital Management LP owned 0.11% of Knight-Swift Transportation worth $9,442,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KNX. Stanley Laman Group Ltd. acquired a new position in Knight-Swift Transportation during the 4th quarter worth $3,021,000. Charles Schwab Investment Management Inc. lifted its holdings in Knight-Swift Transportation by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock worth $62,340,000 after purchasing an additional 28,387 shares during the period. Principal Financial Group Inc. grew its position in Knight-Swift Transportation by 21.5% in the 3rd quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock valued at $35,242,000 after buying an additional 115,447 shares in the last quarter. New England Research & Management Inc. increased its stake in Knight-Swift Transportation by 199.2% during the 4th quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company's stock valued at $1,571,000 after buying an additional 19,725 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Knight-Swift Transportation during the 4th quarter valued at about $749,000. Institutional investors own 88.77% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on KNX. TD Securities decreased their price objective on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group cut their price objective on Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. UBS Group lowered their target price on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Citigroup raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and cut their price target for the company from $53.00 to $48.00 in a report on Tuesday, April 8th. Finally, Bank of America cut shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $66.00 to $46.00 in a research note on Tuesday, April 1st. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and a consensus target price of $50.60.

Knight-Swift Transportation Stock Down 2.1 %

Shares of NYSE:KNX traded down $0.85 during midday trading on Tuesday, hitting $40.41. 1,809,161 shares of the stock were exchanged, compared to its average volume of 2,296,207. The company has a market capitalization of $6.55 billion, a PE ratio of 55.36 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The business's fifty day simple moving average is $43.00 and its two-hundred day simple moving average is $50.82.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company earned $0.12 EPS. The firm's revenue was up 1.3% on a year-over-year basis. As a group, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation's payout ratio is presently 76.60%.

Insider Buying and Selling

In other news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the purchase, the director now owns 5,000 shares of the company's stock, valued at $226,850. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation 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.