Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Xponance Inc.

Xponance Inc. lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 29.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its position 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 purchasing an additional 324 shares during the period. Quarry LP lifted its stake in 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. Generali Asset Management SPA SGR acquired a new stake in Knight-Swift Transportation in the 4th quarter worth about $99,000. Quadrant Capital Group LLC boosted its holdings in Knight-Swift Transportation by 21.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,139 shares of the transportation company's stock worth $113,000 after buying an additional 375 shares during the last quarter. Finally, Allworth Financial LP increased its stake in 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 buying an additional 847 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KNX. Stifel Nicolaus decreased their target price on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Evercore ISI decreased their price objective on 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. UBS Group dropped their target price on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company raised their price target on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Finally, The Goldman Sachs Group upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $45.00 to $65.00 in a research report on Monday, June 2nd. Five investment 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $53.06.

Knight-Swift Transportation Stock Performance

Shares of KNX stock traded down $0.96 during mid-day trading on Friday, hitting $44.64. 2,099,722 shares of the stock were exchanged, compared to its average volume of 2,412,445. The stock's fifty day simple moving average is $44.84 and its two-hundred day simple moving average is $46.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 47.49, a P/E/G ratio of 0.68 and a beta of 1.17.

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

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Monday, June 9th. Knight-Swift Transportation's dividend payout ratio is currently 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.