MQS Management LLC Buys New Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

MQS Management LLC purchased a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,446 shares of the transportation company's stock, valued at approximately $324,000.

Other institutional investors have also bought and sold shares of the company. Aviance Capital Partners LLC boosted its holdings in shares of Knight-Swift Transportation by 6.3% during the 1st quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company's stock valued at $4,824,000 after purchasing an additional 6,592 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Knight-Swift Transportation by 668.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company's stock valued at $1,511,000 after acquiring an additional 30,219 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Knight-Swift Transportation by 533.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company's stock valued at $1,462,000 after acquiring an additional 28,311 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Knight-Swift Transportation by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 18,968 shares of the transportation company's stock valued at $824,000 after acquiring an additional 510 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Knight-Swift Transportation in the 4th quarter valued at about $749,000. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Down 2.8%

KNX traded down $1.27 during trading on Friday, hitting $44.33. The stock had a trading volume of 1,031,151 shares, compared to its average volume of 2,408,434. The company has a market capitalization of $7.18 billion, a PE ratio of 47.23, a PEG ratio of 0.68 and a beta of 1.17. 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 debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day simple moving average of $44.84 and a two-hundred day simple moving average of $46.99.

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 for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $1.82 billion during 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%. Knight-Swift Transportation's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. On average, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, June 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. Knight-Swift Transportation's payout ratio is currently 76.60%.

Analyst Ratings Changes

A number of research firms recently weighed in on KNX. Raymond James Financial increased their price objective on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research report on Tuesday. UBS Group reduced their price objective 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. Robert W. Baird began coverage on shares of Knight-Swift Transportation in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $55.00 price objective on the stock. Bank of America increased their price objective on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Susquehanna raised their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research report on Tuesday, June 24th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.06.

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.