Mader & Shannon Wealth Management Inc. Has $6.14 Million Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Mader & Shannon Wealth Management Inc. grew its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 15.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,284 shares of the transportation company's stock after purchasing an additional 18,593 shares during the period. Knight-Swift Transportation makes up about 3.5% of Mader & Shannon Wealth Management Inc.'s holdings, making the stock its 10th biggest position. Mader & Shannon Wealth Management Inc. owned approximately 0.09% of Knight-Swift Transportation worth $6,144,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC raised its position 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 buying an additional 563 shares during the period. UMB Bank n.a. raised its position in shares of Knight-Swift Transportation by 40.0% in the 1st 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 during the period. Quarry LP raised its position 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 worth $90,000 after buying an additional 500 shares during the period. Quadrant Capital Group LLC raised its position in shares of 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 period. Finally, Signaturefd LLC raised its position in shares of Knight-Swift Transportation by 8.5% in the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company's stock worth $147,000 after buying an additional 218 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Price Performance

NYSE KNX traded up $0.73 on Tuesday, reaching $45.16. The company's stock had a trading volume of 1,851,410 shares, compared to its average volume of 2,412,885. 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 cap of $7.32 billion, a PE ratio of 48.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51. The business has a 50-day moving average price of $44.89 and a 200 day moving average price of $46.85.

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 company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the business earned $0.12 earnings per share. Knight-Swift Transportation's quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts expect 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. Shareholders of record on Monday, June 9th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Monday, June 9th. Knight-Swift Transportation's payout ratio is presently 76.60%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KNX shares. UBS Group lowered their price target on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on Knight-Swift Transportation from $46.00 to $45.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Raymond James Financial increased their price target on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 15th. The Goldman Sachs Group upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and increased their price target for the company from $45.00 to $65.00 in a report on Monday, June 2nd. Finally, Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. Five 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.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $53.06.

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.