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

Edgestream Partners L.P. bought a new stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 146,153 shares of the transportation company's stock, valued at approximately $6,356,000. Edgestream Partners L.P. owned 0.09% of Knight-Swift Transportation at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Interval Partners LP increased its holdings in Knight-Swift Transportation by 320.7% in the 4th quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock worth $93,076,000 after acquiring an additional 1,337,727 shares in the last quarter. Norges Bank purchased a new stake in Knight-Swift Transportation in the 4th quarter worth $65,839,000. SG Americas Securities LLC increased its holdings in Knight-Swift Transportation by 54,434.0% in the 1st quarter. SG Americas Securities LLC now owns 1,103,768 shares of the transportation company's stock worth $48,003,000 after acquiring an additional 1,101,744 shares in the last quarter. Junto Capital Management LP purchased a new stake in Knight-Swift Transportation in the 4th quarter worth $34,355,000. Finally, Ceredex Value Advisors LLC increased its holdings in Knight-Swift Transportation by 59.5% in the 4th quarter. Ceredex Value Advisors LLC now owns 1,435,562 shares of the transportation company's stock worth $76,142,000 after acquiring an additional 535,518 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Trading Down 2.6%

Shares of KNX stock traded down $1.17 on Friday, hitting $44.44. 1,132,810 shares of the stock traded hands, compared to its average volume of 2,823,629. The firm's 50-day moving average price is $44.84 and its two-hundred day moving average price is $46.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $7.20 billion, a PE ratio of 47.28, a PEG ratio of 0.68 and a beta of 1.17. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51.

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

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were given a $0.18 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%. Knight-Swift Transportation's payout ratio is currently 76.60%.

Analysts Set New Price Targets

KNX has been the subject of several recent analyst reports. Baird R W raised shares of Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. Benchmark reissued a "buy" rating and issued a $63.00 price target on shares of Knight-Swift Transportation in a report on Monday, April 14th. Robert W. Baird initiated coverage on shares of Knight-Swift Transportation in a report on Tuesday, July 1st. They issued an "outperform" rating and a $55.00 price target for the company. Wells Fargo & Company boosted their price target on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Finally, Bank of America boosted their price target on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $53.06.

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.