Harvey Investment Co. LLC Has $12.39 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Harvey Investment Co. LLC decreased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,857 shares of the transportation company's stock after selling 25,110 shares during the period. Knight-Swift Transportation accounts for approximately 1.4% of Harvey Investment Co. LLC's portfolio, making the stock its 25th biggest holding. Harvey Investment Co. LLC owned about 0.18% of Knight-Swift Transportation worth $12,388,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Knight-Swift Transportation by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock valued at $62,340,000 after purchasing an additional 28,387 shares during the period. Assenagon Asset Management S.A. boosted its position in 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 purchasing an additional 28,311 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Knight-Swift Transportation during the fourth quarter worth $240,000. Proficio Capital Partners LLC purchased a new stake in Knight-Swift Transportation during the fourth quarter worth $749,000. Finally, Blair William & Co. IL lifted its position in shares of Knight-Swift Transportation by 40.0% in the fourth quarter. Blair William & Co. IL now owns 5,433 shares of the transportation company's stock valued at $288,000 after acquiring an additional 1,551 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KNX shares. Evercore ISI dropped their price target on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating for the company in a research note on Thursday, April 24th. TD Securities lowered 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 lowered their target price on 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. Barclays lowered their target price on Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Susquehanna increased their price target on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a report on Tuesday. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.13.

Knight-Swift Transportation Stock Down 0.5%

NYSE KNX traded down $0.24 during trading on Wednesday, hitting $44.06. 1,582,953 shares of the company traded hands, compared to its average volume of 2,376,173. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The business has a fifty day simple moving average of $42.69 and a 200 day simple moving average of $47.88. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $7.14 billion, a P/E ratio of 46.87, a PEG ratio of 0.65 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted 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. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.79% and a net margin of 2.04%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share. As a group, sell-side analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 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.