Victory Capital Management Inc. Boosts Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Victory Capital Management Inc. raised its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 4.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund 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 about 5.15% of Knight-Swift Transportation worth $362,897,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC grew 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 valued at $25,000 after acquiring an additional 563 shares during the period. UMB Bank n.a. grew its position in shares of Knight-Swift Transportation by 40.0% during the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock valued at $49,000 after acquiring an additional 324 shares during the period. Quarry LP grew its position in shares of Knight-Swift Transportation by 41.6% during the 4th quarter. Quarry LP now owns 1,701 shares of the transportation company's stock valued at $90,000 after acquiring an additional 500 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of Knight-Swift Transportation during the 4th quarter valued at about $99,000. Finally, Quadrant Capital Group LLC grew its position in shares of Knight-Swift Transportation by 21.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,139 shares of the transportation company's stock valued at $113,000 after acquiring an additional 375 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Trading Down 1.9%

Shares of KNX stock traded down $0.88 during trading on Friday, hitting $44.72. 572,490 shares of the stock traded hands, compared to its average volume of 2,406,593. The firm has a market capitalization of $7.25 billion, a P/E ratio of 47.66, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.88. The firm's fifty day moving average price is $44.84 and its 200-day moving average price is $46.99. 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 released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. As a group, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is 76.60%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KNX. Susquehanna lifted their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a report on Tuesday, June 24th. JPMorgan Chase & Co. lowered their price objective on Knight-Swift Transportation from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Robert W. Baird began coverage on Knight-Swift Transportation in a report on Tuesday, July 1st. They issued an "outperform" rating and a $55.00 price objective on the stock. Benchmark reiterated a "buy" rating and issued a $63.00 price objective on shares of Knight-Swift Transportation in a report on Monday, April 14th. Finally, Wells Fargo & Company lifted their price objective on Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.