Teachers Retirement System of The State of Kentucky Sells 37,703 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 43.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,498 shares of the transportation company's stock after selling 37,703 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Knight-Swift Transportation were worth $2,109,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in shares of Knight-Swift Transportation by 9,383.3% in 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 during the last quarter. UMB Bank n.a. grew its stake in Knight-Swift Transportation by 40.0% in the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock valued at $49,000 after purchasing an additional 324 shares in the last quarter. Quarry LP grew its stake in shares of Knight-Swift Transportation by 41.6% in the 4th quarter. Quarry LP now owns 1,701 shares of the transportation company's stock valued at $90,000 after buying an additional 500 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Knight-Swift Transportation by 21.3% in the fourth 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 last quarter. Finally, Allworth Financial LP increased its stake in shares of Knight-Swift Transportation by 38.6% during the 1st quarter. Allworth Financial LP now owns 3,044 shares of the transportation company's stock worth $123,000 after purchasing an additional 847 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Evercore ISI cut their target price on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday. Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. UBS Group dropped their target price on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Barclays decreased their price target on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.56.

Knight-Swift Transportation Stock Performance

NYSE KNX traded down $0.03 on Thursday, reaching $45.63. 8,481,894 shares of the stock were exchanged, compared to its average volume of 2,456,763. The company's 50-day simple moving average is $44.82 and its two-hundred day simple moving average is $46.70. 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 firm has a market capitalization of $7.39 billion, a PE ratio of 44.73, a PEG ratio of 0.68 and a beta of 1.17. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter last year, the business posted $0.24 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.58%. Knight-Swift Transportation's dividend payout ratio is presently 76.60%.

About Knight-Swift Transportation

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.