Aviance Capital Partners LLC Increases Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Aviance Capital Partners LLC raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 6.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,932 shares of the transportation company's stock after buying an additional 6,592 shares during the period. Aviance Capital Partners LLC owned approximately 0.07% of Knight-Swift Transportation worth $4,824,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in shares of Knight-Swift Transportation by 40.0% during 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 during the last quarter. Quarry LP increased its stake in Knight-Swift Transportation by 41.6% in the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock valued at $90,000 after purchasing an additional 500 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in Knight-Swift Transportation during the fourth quarter worth approximately $99,000. Quadrant Capital Group LLC raised its holdings in Knight-Swift Transportation by 21.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,139 shares of the transportation company's stock worth $113,000 after purchasing an additional 375 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Knight-Swift Transportation by 8.5% during the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company's stock worth $147,000 after buying an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Baird R W raised shares of Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Susquehanna raised their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a report on Tuesday, June 24th. Raymond James Financial dropped their price objective on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating on the stock in a report on Friday, April 11th. Robert W. Baird initiated coverage on Knight-Swift Transportation in a report on Tuesday, July 1st. They set an "outperform" rating and a $55.00 price objective on the stock. Finally, Citigroup raised their price objective on Knight-Swift Transportation from $48.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.25.

Knight-Swift Transportation Price Performance

KNX stock traded down $1.21 during trading on Monday, reaching $46.18. 2,032,097 shares of the company were exchanged, compared to its average volume of 2,399,038. The company has a market cap of $7.48 billion, a P/E ratio of 49.13, a PEG ratio of 0.70 and a beta of 1.17. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $61.51. The stock's 50 day moving average price is $43.74 and its 200 day moving average price is $47.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.88.

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 net margin of 2.04% and a return on equity of 2.79%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.

About Knight-Swift Transportation

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.