ASR Vermogensbeheer N.V. Purchases Shares of 6,926 Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

ASR Vermogensbeheer N.V. purchased a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,926 shares of the transportation company's stock, valued at approximately $301,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Primecap Management Co. CA increased its holdings in shares of Knight-Swift Transportation by 0.7% in the 1st quarter. Primecap Management Co. CA now owns 177,850 shares of the transportation company's stock worth $7,735,000 after buying an additional 1,150 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Knight-Swift Transportation by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company's stock valued at $649,560,000 after purchasing an additional 515,212 shares during the last quarter. New Age Alpha Advisors LLC grew its holdings in shares of Knight-Swift Transportation by 23.3% during the 1st quarter. New Age Alpha Advisors LLC now owns 128,338 shares of the transportation company's stock valued at $5,581,000 after purchasing an additional 24,266 shares during the last quarter. R Squared Ltd grew its holdings in shares of Knight-Swift Transportation by 1,654.8% during the 1st quarter. R Squared Ltd now owns 5,440 shares of the transportation company's stock valued at $237,000 after purchasing an additional 5,130 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new position in shares of Knight-Swift Transportation during the 1st quarter valued at $271,000. Institutional investors own 88.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Raymond James Financial increased their price target on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 15th. Wells Fargo & Company lifted their price target on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Barclays lowered their price target on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Baird R W raised shares of Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Citigroup lifted their price target on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $53.88.

Knight-Swift Transportation Trading Down 0.5%

Shares of KNX traded down $0.23 during trading hours on Friday, reaching $42.83. 254,727 shares of the company traded hands, compared to its average volume of 2,869,695. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 42.04, a PEG ratio of 0.66 and a beta of 1.17. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. The stock's fifty day moving average price is $44.34 and its 200 day moving average price is $45.39.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The business's revenue was up .8% on a year-over-year basis. Sell-side analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.7%. Knight-Swift Transportation's dividend payout ratio is 70.59%.

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.