Xponance Inc. Cuts Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Xponance Inc. reduced its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 29.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,911 shares of the transportation company's stock after selling 7,719 shares during the quarter. Xponance Inc.'s holdings in Knight-Swift Transportation were worth $822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of 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 acquiring an additional 324 shares in the last quarter. Quarry LP grew its stake in shares of Knight-Swift Transportation by 41.6% in the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock valued at $90,000 after acquiring an additional 500 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Knight-Swift Transportation in the fourth quarter valued at about $99,000. Quadrant Capital Group LLC grew its stake in shares of 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 in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Knight-Swift Transportation by 38.6% in the first quarter. Allworth Financial LP now owns 3,044 shares of the transportation company's stock valued at $123,000 after acquiring an additional 847 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KNX shares. Citigroup increased their price objective on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Stifel Nicolaus dropped their target price on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a report on Monday, April 14th. TD Securities dropped their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Evercore ISI dropped 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 report on Thursday, April 24th. Finally, TD Cowen dropped their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and a consensus price target of $53.06.

Knight-Swift Transportation Stock Down 2.1%

NYSE KNX traded down $0.96 during mid-day trading on Friday, hitting $44.64. The company's stock had a trading volume of 2,099,722 shares, compared to its average volume of 2,417,272. The company's 50 day simple moving average is $44.89 and its 200 day simple moving average is $46.89. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. 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 $7.23 billion, a price-to-earnings ratio of 47.49, a PEG ratio of 0.67 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.12 EPS. Analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.61%. 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 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.