M&T Bank Corp Has $309,000 Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

M&T Bank Corp lowered its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 56.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,100 shares of the transportation company's stock after selling 9,294 shares during the quarter. M&T Bank Corp's holdings in Knight-Swift Transportation were worth $309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KNX. UMB Bank n.a. increased its holdings in 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 valued at $49,000 after buying an additional 324 shares during the period. Quarry LP boosted its holdings in Knight-Swift Transportation by 41.6% during the fourth 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 last quarter. Generali Asset Management SPA SGR bought a new position in Knight-Swift Transportation during the fourth quarter worth about $99,000. Quadrant Capital Group LLC lifted its holdings in shares of Knight-Swift Transportation by 21.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,139 shares of the transportation company's stock valued at $113,000 after purchasing an additional 375 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Knight-Swift Transportation by 8.5% during the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company's stock valued at $147,000 after purchasing an additional 218 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock traded down $0.15 during trading hours on Monday, hitting $44.51. 1,881,965 shares of the company traded hands, compared to its average volume of 2,415,131. The firm has a market cap of $7.21 billion, a P/E ratio of 47.35, a P/E/G ratio of 0.67 and a beta of 1.17. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.30. The firm's 50-day simple moving average is $44.89 and its two-hundred day simple moving average is $46.85. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the company posted $0.12 earnings per share. As a group, analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.

Wall Street Analyst Weigh In

KNX has been the subject of several recent research reports. The Goldman Sachs Group upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their price target for the company from $45.00 to $65.00 in a research note on Monday, June 2nd. Benchmark restated a "buy" rating and set a $63.00 price objective on shares of Knight-Swift Transportation in a research report on Monday, April 14th. Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. Citigroup increased their price target on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, 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 research note on Tuesday, July 15th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $53.06.

Knight-Swift Transportation 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.