Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,344,372 shares of the transportation company's stock after buying an additional 364,263 shares during the period. Victory Capital Management Inc. owned 5.15% of Knight-Swift Transportation worth $362,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tectonic Advisors LLC grew its stake in Knight-Swift Transportation by 0.6% during the 1st quarter. Tectonic Advisors LLC now owns 62,715 shares of the transportation company's stock valued at $2,727,000 after purchasing an additional 403 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Knight-Swift Transportation by 9,383.3% during the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after acquiring an additional 563 shares in the last quarter. BluePointe Capital Management LLC purchased a new stake in Knight-Swift Transportation during the 1st quarter valued at approximately $1,398,000. Edgestream Partners L.P. purchased a new position in shares of Knight-Swift Transportation during the 1st quarter worth approximately $6,356,000. Finally, MQS Management LLC acquired a new stake in Knight-Swift Transportation during the 1st quarter valued at $324,000. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX traded down $0.96 during midday trading on Friday, hitting $44.64. The company had a trading volume of 2,099,722 shares, compared to its average volume of 2,413,550. The business has a 50-day simple moving average of $44.89 and a two-hundred day simple moving average of $46.93. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 47.49, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. The firm's revenue was up 1.3% on a year-over-year basis. Equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were issued 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 yield of 1.61%. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 76.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KNX shares. TD Cowen decreased their target price 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 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 research note on Monday, April 14th. Bank of America raised their price objective on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Evercore ISI dropped their price objective on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Finally, The Goldman Sachs Group upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $65.00 in a research note on Monday, June 2nd. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.06.

Knight-Swift Transportation Company 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.