Peregrine Capital Management LLC Has $8.10 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Peregrine Capital Management LLC lifted its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 186,248 shares of the transportation company's stock after purchasing an additional 9,136 shares during the period. Peregrine Capital Management LLC owned 0.11% of Knight-Swift Transportation worth $8,100,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KNX. Interval Partners LP lifted its stake in shares of 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 valued at $93,076,000 after purchasing an additional 1,337,727 shares during the period. Norges Bank bought a new stake in Knight-Swift Transportation in the fourth quarter valued at about $65,839,000. SG Americas Securities LLC increased its holdings in Knight-Swift Transportation by 54,434.0% in the first quarter. SG Americas Securities LLC now owns 1,103,768 shares of the transportation company's stock valued at $48,003,000 after purchasing an additional 1,101,744 shares during the last quarter. Junto Capital Management LP acquired a new position in Knight-Swift Transportation in the fourth quarter valued at about $34,355,000. Finally, Ceredex Value Advisors LLC boosted its holdings in Knight-Swift Transportation by 59.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,435,562 shares of the transportation company's stock worth $76,142,000 after buying an additional 535,518 shares during the last quarter. Institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Down 1.8%

Shares of NYSE:KNX traded down $0.81 during midday trading on Monday, reaching $44.21. The company had a trading volume of 2,399,740 shares, compared to its average volume of 2,379,718. The business's 50 day moving average price is $43.02 and its 200 day moving average price is $47.56. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.30. The stock has a market cap of $7.16 billion, a PE ratio of 47.03, a P/E/G ratio of 0.67 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced 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 firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter last year, the company posted $0.12 earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal 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. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.

Analyst Ratings Changes

KNX has been the subject of a number of recent analyst reports. TD Cowen lowered their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus decreased their price target 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. Susquehanna increased their price target on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a report on Tuesday, June 24th. Bank of America raised their price target on Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Barclays decreased their price objective on Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.13.

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.