Envestnet Asset Management Inc. Has $4.78 Million Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Envestnet Asset Management Inc. lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 7.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 109,789 shares of the transportation company's stock after selling 9,291 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Knight-Swift Transportation worth $4,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KNX. HighTower Advisors LLC bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth about $424,000. Sei Investments Co. boosted its holdings in shares of Knight-Swift Transportation by 7.6% in the 4th quarter. Sei Investments Co. now owns 365,021 shares of the transportation company's stock valued at $19,361,000 after buying an additional 25,786 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Knight-Swift Transportation in the 4th quarter valued at about $2,366,000. LPL Financial LLC boosted its holdings in shares of Knight-Swift Transportation by 28.3% in the 4th quarter. LPL Financial LLC now owns 31,736 shares of the transportation company's stock valued at $1,683,000 after buying an additional 6,991 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Knight-Swift Transportation by 20.0% in the 4th quarter. Prudential Financial Inc. now owns 25,364 shares of the transportation company's stock valued at $1,345,000 after buying an additional 4,227 shares during the period. Institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Price Performance

Shares of KNX stock traded down $0.73 during midday trading on Friday, reaching $44.82. 3,685,707 shares of the company were exchanged, compared to its average volume of 2,731,452. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The company has a market cap of $7.26 billion, a P/E ratio of 43.94, a PEG ratio of 0.69 and a beta of 1.17. The company's 50 day moving average price is $44.82 and its two-hundred day moving average price is $46.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.89.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the firm earned $0.24 EPS. The business's revenue for the quarter was up .8% on a year-over-year basis. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were issued a $0.18 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.61%. Knight-Swift Transportation's payout ratio is currently 76.60%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and lifted their price target for the company from $45.00 to $65.00 in a report on Monday, June 2nd. TD Securities decreased their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Susquehanna lifted 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. Wells Fargo & Company boosted their target price on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Finally, Evercore ISI reduced 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. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and a consensus price target of $53.88.

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.