New York State Common Retirement Fund Has $7.94 Million Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

New York State Common Retirement Fund lessened its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,592 shares of the transportation company's stock after selling 8,292 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Knight-Swift Transportation worth $7,941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Knight-Swift Transportation by 40.0% during 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 lifted its position in shares of Knight-Swift Transportation by 41.6% during 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. Generali Asset Management SPA SGR bought a new position in shares of Knight-Swift Transportation during the 4th quarter worth approximately $99,000. Quadrant Capital Group LLC raised its position 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 valued at $113,000 after purchasing an additional 375 shares during the last quarter. Finally, Allworth Financial LP raised its position in Knight-Swift Transportation by 38.6% in the 1st quarter. Allworth Financial LP now owns 3,044 shares of the transportation company's stock valued at $123,000 after purchasing an additional 847 shares during the last quarter. Institutional investors own 88.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on KNX shares. Barclays cut their price objective on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. TD Securities lowered their price objective on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and raised their price objective for the company from $45.00 to $65.00 in a research report on Monday, June 2nd. Susquehanna raised their price objective on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a research report on Tuesday, June 24th. Finally, Benchmark restated a "buy" rating and issued a $63.00 price objective on shares of Knight-Swift Transportation in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.06.

Knight-Swift Transportation Trading Up 1.1%

Shares of Knight-Swift Transportation stock traded up $0.48 during trading on Wednesday, reaching $45.66. 4,291,495 shares of the company were exchanged, compared to its average volume of 2,427,113. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The business has a 50-day moving average price of $44.81 and a 200-day moving average price of $46.76. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 48.57, 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 quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a return on equity of 2.79% and a net margin of 2.04%. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company's revenue was up .8% compared to the same quarter last year. Sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Monday, June 9th. Knight-Swift Transportation's payout ratio is 76.60%.

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.