Aviance Capital Partners LLC Acquires 6,592 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Aviance Capital Partners LLC grew its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 6.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,932 shares of the transportation company's stock after purchasing an additional 6,592 shares during the quarter. Aviance Capital Partners LLC owned about 0.07% of Knight-Swift Transportation worth $4,824,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Knight-Swift Transportation by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company's stock valued at $370,819,000 after purchasing an additional 505,543 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Knight-Swift Transportation by 1.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company's stock worth $188,632,000 after buying an additional 63,241 shares during the period. Franklin Resources Inc. raised its stake in Knight-Swift Transportation by 36.8% during the 4th quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company's stock worth $100,004,000 after buying an additional 507,370 shares during the period. Interval Partners LP raised its stake in Knight-Swift Transportation by 320.7% during the 4th quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock worth $93,076,000 after buying an additional 1,337,727 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in Knight-Swift Transportation by 11.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,705,095 shares of the transportation company's stock worth $90,438,000 after buying an additional 179,980 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on KNX. TD Cowen dropped their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. UBS Group dropped their price objective on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Evercore ISI dropped their price objective on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Barclays dropped their price objective on Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.25.

Knight-Swift Transportation Stock Up 0.5%

Shares of NYSE KNX traded up $0.23 during mid-day trading on Friday, hitting $47.39. The company had a trading volume of 2,110,194 shares, compared to its average volume of 2,400,922. The company has a market capitalization of $7.68 billion, a PE ratio of 50.42, a price-to-earnings-growth ratio of 0.70 and a beta of 1.17. The firm has a 50-day simple moving average of $43.57 and a two-hundred day simple moving average of $47.42. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. On average, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Monday, June 9th. Knight-Swift Transportation's payout ratio is 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.