KBC Group NV Lowers Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

KBC Group NV decreased its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 64.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,302 shares of the transportation company's stock after selling 26,124 shares during the period. KBC Group NV's holdings in Knight-Swift Transportation were worth $622,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Knight-Swift Transportation by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock worth $62,340,000 after acquiring an additional 28,387 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased 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 worth $1,511,000 after acquiring an additional 30,219 shares in the last quarter. Assenagon Asset Management S.A. increased 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 worth $1,462,000 after acquiring an additional 28,311 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in 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 worth $824,000 after purchasing an additional 510 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Knight-Swift Transportation during the fourth quarter worth $749,000. Institutional investors own 88.77% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on KNX. 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. Barclays reduced their target price on shares of Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. UBS Group reduced their target price on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Benchmark restated a "buy" rating and set a $63.00 target price on shares of Knight-Swift Transportation in a report on Monday, April 14th. Finally, Bank of America increased their target price 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. Six 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's stock. Based on data from MarketBeat, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and a consensus target price of $53.19.

Knight-Swift Transportation Price Performance

KNX traded up $0.86 on Tuesday, reaching $47.04. The company had a trading volume of 2,858,459 shares, compared to its average volume of 2,404,542. The business has a 50 day simple moving average of $44.04 and a 200 day simple moving average of $47.26. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 50.04, a P/E/G ratio of 0.69 and a beta of 1.17. 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 52-week low of $36.69 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same period last year, the business earned $0.12 earnings per share. The business's quarterly revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Monday, June 9th. Knight-Swift Transportation's payout ratio is 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.