First American Bank Has $2.22 Million Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

First American Bank lowered its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 24.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,948 shares of the transportation company's stock after selling 16,381 shares during the quarter. First American Bank's holdings in Knight-Swift Transportation were worth $2,216,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Norris Perne & French LLP MI raised its position in shares of Knight-Swift Transportation by 32.2% during the first quarter. Norris Perne & French LLP MI now owns 474,016 shares of the transportation company's stock worth $20,615,000 after purchasing an additional 115,588 shares during the period. 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 worth $824,000 after purchasing an additional 510 shares during the period. 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 worth $1,511,000 after purchasing an additional 30,219 shares during the period. Assenagon Asset Management S.A. raised its position in Knight-Swift Transportation by 533.9% in the 1st 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. Finally, SG Americas Securities LLC raised its position in Knight-Swift Transportation by 54,434.0% in the 1st quarter. SG Americas Securities LLC now owns 1,103,768 shares of the transportation company's stock valued at $48,003,000 after buying an additional 1,101,744 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX traded up $0.29 during midday trading on Tuesday, reaching $44.32. 3,450,924 shares of the company were exchanged, compared to its average volume of 2,377,106. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51. The stock has a market cap of $7.18 billion, a P/E ratio of 36.09, a PEG ratio of 0.65 and a beta of 1.18. 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's 50-day moving average price is $42.60 and its 200-day moving average price is $47.90.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (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 business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were issued a $0.18 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%. Knight-Swift Transportation's payout ratio is presently 76.60%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KNX shares. Evercore ISI dropped their target price on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a research report on Thursday, April 24th. Susquehanna lifted their target price on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group raised Knight-Swift Transportation from a "neutral" rating to a "buy" rating and lifted their target price for the company from $45.00 to $65.00 in a research report on Monday, June 2nd. Finally, TD Cowen lowered their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Knight-Swift Transportation has an average rating of "Moderate Buy" and a consensus price target 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.