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KBC Group NV Has $622,000 Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Knight-Swift Transportation logo with Transportation background

KBC Group NV trimmed its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 64.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,302 shares of the transportation company's stock after selling 26,124 shares during the quarter. KBC Group NV's holdings in Knight-Swift Transportation were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in Knight-Swift Transportation by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock valued at $62,340,000 after purchasing an additional 28,387 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Knight-Swift Transportation by 668.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company's stock valued at $1,511,000 after buying an additional 30,219 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Knight-Swift Transportation by 533.9% during the first quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company's stock valued at $1,462,000 after buying an additional 28,311 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Knight-Swift Transportation by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 18,968 shares of the transportation company's stock valued at $824,000 after buying an additional 510 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Knight-Swift Transportation in the 4th quarter valued at approximately $749,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Trading Up 0.5%

Shares of NYSE KNX traded up $0.23 during midday trading on Friday, hitting $47.39. The stock had a trading volume of 2,110,194 shares, compared to its average volume of 2,400,513. The company's 50-day simple moving average is $43.74 and its 200 day simple moving average is $47.34. The firm has a market cap of $7.68 billion, a P/E ratio of 50.42, a price-to-earnings-growth ratio of 0.70 and a beta of 1.17. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. 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 announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping 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 earned $0.12 earnings per share. The company's revenue was up 1.3% on a year-over-year basis. Research 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 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 was Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.52%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.

Analysts Set New Price Targets

Several equities analysts have commented on KNX shares. Bank of America upped their price target on Knight-Swift Transportation from $43.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, May 16th. UBS Group dropped their price objective on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Evercore ISI dropped their price target on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Susquehanna increased their price target on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research report on Tuesday, June 24th. Finally, Benchmark reissued a "buy" rating and issued a $63.00 target price on shares of Knight-Swift Transportation in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.25.

View Our Latest Research Report on KNX

Knight-Swift Transportation Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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