146,153 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 146,153 shares of the transportation company's stock, valued at approximately $6,356,000. Edgestream Partners L.P. owned approximately 0.09% of Knight-Swift Transportation as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its holdings in shares of Knight-Swift Transportation by 0.9% during the 4th quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock worth $1,090,000 after acquiring an additional 192 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Knight-Swift Transportation by 3.3% during the 4th quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock worth $355,000 after acquiring an additional 216 shares during the period. Signaturefd LLC raised its holdings 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 acquiring an additional 218 shares during the period. Bessemer Group Inc. raised its holdings in shares of Knight-Swift Transportation by 6.1% during the 4th quarter. Bessemer Group Inc. now owns 3,882 shares of the transportation company's stock worth $206,000 after acquiring an additional 222 shares during the period. Finally, UMB Bank n.a. raised its holdings 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 acquiring an additional 324 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.

Analysts Set New Price Targets

KNX has been the subject of a number of recent analyst reports. TD Securities cut their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Barclays reduced their price objective on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Evercore ISI reduced their price objective on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Baird R W upgraded shares of Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Raymond James Financial boosted their price objective on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.06.

Knight-Swift Transportation Stock Performance

NYSE KNX traded up $0.55 on Thursday, reaching $45.62. The stock had a trading volume of 1,199,185 shares, compared to its average volume of 2,413,807. 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 Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The business's 50-day moving average price is $44.79 and its 200 day moving average price is $47.03. The stock has a market cap of $7.39 billion, a P/E ratio of 48.53, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.79% and a net margin of 2.04%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. As a group, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors 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 1.58%. The ex-dividend date was Monday, June 9th. Knight-Swift Transportation's dividend payout ratio 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.