Cwm LLC Has $2.44 Million Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

CWM LLC lifted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 2,038.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,147 shares of the transportation company's stock after purchasing an additional 53,521 shares during the quarter. CWM LLC's holdings in Knight-Swift Transportation were worth $2,442,000 as of its most recent SEC filing.

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

Knight-Swift Transportation Stock Performance

KNX stock traded down $0.96 on Friday, reaching $44.64. The company's stock had a trading volume of 2,099,722 shares, compared to its average volume of 2,417,272. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51. The company has a market capitalization of $7.23 billion, a P/E ratio of 47.49, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17. The firm has a fifty day moving average of $44.89 and a two-hundred day moving average of $46.93. 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 (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. Knight-Swift Transportation had a return on equity of 2.79% and a net margin of 2.04%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the company posted $0.12 EPS. The firm's quarterly revenue was up 1.3% on a year-over-year basis. As a group, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, June 9th. Knight-Swift Transportation's payout ratio is 76.60%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Evercore ISI cut their target price on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating for the company in a research note on Thursday, April 24th. Barclays dropped their target price on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Robert W. Baird assumed coverage on shares of Knight-Swift Transportation in a research note on Tuesday, July 1st. They set an "outperform" rating and a $55.00 price target for the company. Susquehanna upped their price target on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a report on Tuesday, June 24th. Finally, Stifel Nicolaus reduced their target price on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a report on Monday, April 14th. Five equities research 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.com, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and an average price target of $53.06.

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.