Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Harvey Investment Co. LLC

Harvey Investment Co. LLC lowered its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 284,857 shares of the transportation company's stock after selling 25,110 shares during the quarter. Knight-Swift Transportation accounts for 1.4% of Harvey Investment Co. LLC's holdings, making the stock its 25th biggest position. Harvey Investment Co. LLC owned approximately 0.18% of Knight-Swift Transportation worth $12,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in shares of Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after acquiring an additional 322 shares during the period. UMB Bank n.a. boosted its holdings in Knight-Swift Transportation by 40.0% during the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after buying an additional 324 shares in the last quarter. Arcadia Investment Management Corp MI boosted its holdings in Knight-Swift Transportation by 167.2% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after buying an additional 836 shares in the last quarter. Quarry LP boosted its holdings in Knight-Swift Transportation by 41.6% during the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after buying an additional 500 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new stake in Knight-Swift Transportation during the fourth quarter worth $99,000. Institutional investors and hedge funds own 88.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KNX shares. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and increased their price target for the stock from $45.00 to $65.00 in a report on Monday, June 2nd. Stifel Nicolaus lowered their price target on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Bank of America increased their price target on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. JPMorgan Chase & Co. decreased their price objective on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Evercore ISI decreased 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. Six equities 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.67.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX opened at $42.62 on Friday. The firm has a 50-day simple moving average of $42.53 and a 200-day simple moving average of $48.04. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 45.35, a price-to-earnings-growth ratio of 0.63 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. 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 issued its 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. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.83 billion. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share. On average, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is 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.

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