Cerity Partners LLC Has $1.48 Million Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Cerity Partners LLC grew its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 611.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 34,074 shares of the transportation company's stock after acquiring an additional 29,286 shares during the period. Cerity Partners LLC's holdings in Knight-Swift Transportation were worth $1,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Voya Investment Management LLC lifted its position in shares of Knight-Swift Transportation by 0.9% in the 4th quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock worth $1,090,000 after purchasing an additional 192 shares during the period. Benjamin Edwards Inc. increased its stake in Knight-Swift Transportation by 3.3% during the 4th quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock valued at $355,000 after purchasing an additional 216 shares in the last quarter. Bessemer Group Inc. increased its stake in Knight-Swift Transportation by 6.1% during the 4th quarter. Bessemer Group Inc. now owns 3,882 shares of the transportation company's stock valued at $206,000 after purchasing an additional 222 shares in the last quarter. UMB Bank n.a. increased its stake in 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 valued at $49,000 after purchasing an additional 324 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Knight-Swift Transportation by 21.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,139 shares of the transportation company's stock valued at $113,000 after purchasing an additional 375 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Price Performance

Shares of KNX traded up $0.73 during mid-day trading on Tuesday, reaching $45.16. 1,851,410 shares of the stock traded hands, compared to its average volume of 2,412,885. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 48.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17. The firm has a fifty day moving average price of $44.89 and a 200 day moving average price of $46.85. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. The business's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts predict 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 was paid on Monday, June 23rd. Investors of record on Monday, June 9th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.72 annualized dividend and a yield of 1.59%. Knight-Swift Transportation's dividend payout ratio is presently 76.60%.

Analyst Ratings Changes

KNX has been the subject of a number of recent analyst reports. Raymond James Financial upped their price target on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 15th. TD Securities decreased their price target on shares of 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. Evercore ISI reduced their target price on shares of 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. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and increased their target price for the company from $45.00 to $65.00 in a research note on Monday, June 2nd. Finally, UBS Group reduced their price target on shares of 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. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.06.

Knight-Swift Transportation Company 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.