Assenagon Asset Management S.A. Increases Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Assenagon Asset Management S.A. boosted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 533.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,614 shares of the transportation company's stock after buying an additional 28,311 shares during the period. Assenagon Asset Management S.A.'s holdings in Knight-Swift Transportation were worth $1,462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock valued at $36,000 after buying an additional 322 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Knight-Swift Transportation by 40.0% in the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after purchasing an additional 324 shares in the last quarter. Arcadia Investment Management Corp MI increased its holdings in shares of Knight-Swift Transportation by 167.2% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after purchasing an additional 836 shares in the last quarter. Quarry LP increased its holdings in shares of Knight-Swift Transportation by 41.6% in the 4th quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after purchasing an additional 500 shares in the last quarter. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth $99,000. Institutional investors own 88.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group reduced their target price on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. TD Cowen reduced their target price on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Susquehanna reduced their target price on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating for the company in a report on Thursday, April 24th. Raymond James Financial reduced their target price on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating for the company in a report on Friday, April 11th. Finally, Benchmark reissued a "buy" rating and issued a $63.00 target price on shares of Knight-Swift Transportation in a report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $52.67.

Knight-Swift Transportation Stock Performance

Shares of KNX traded down $0.21 during trading hours on Friday, hitting $42.62. The stock had a trading volume of 3,565,381 shares, compared to its average volume of 2,370,102. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The firm has a market capitalization of $6.91 billion, a PE ratio of 45.35, a PEG ratio of 0.63 and a beta of 1.18. The stock has a fifty day moving average price of $42.53 and a 200 day moving average price of $48.04.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.79% and a net margin of 2.04%. Knight-Swift Transportation's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 earnings per share. Analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.72 annualized dividend and a yield of 1.69%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.

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.