Norris Perne & French LLP MI Has $20.62 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Norris Perne & French LLP MI increased its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 32.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 474,016 shares of the transportation company's stock after buying an additional 115,588 shares during the quarter. Knight-Swift Transportation accounts for approximately 1.5% of Norris Perne & French LLP MI's holdings, making the stock its 25th largest holding. Norris Perne & French LLP MI owned 0.29% of Knight-Swift Transportation worth $20,615,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in Knight-Swift Transportation by 2.0% during the 4th quarter. Rhumbline Advisers now owns 471,677 shares of the transportation company's stock worth $25,018,000 after purchasing an additional 9,396 shares in the last quarter. Allworth Financial LP increased its holdings in Knight-Swift Transportation by 28.7% during the 4th quarter. Allworth Financial LP now owns 2,197 shares of the transportation company's stock worth $121,000 after purchasing an additional 490 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Knight-Swift Transportation by 42.9% during the 4th quarter. Principal Financial Group Inc. now owns 933,359 shares of the transportation company's stock worth $49,505,000 after purchasing an additional 280,121 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Knight-Swift Transportation by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 4,924 shares of the transportation company's stock worth $261,000 after purchasing an additional 252 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Knight-Swift Transportation by 0.9% during the 4th quarter. New York State Common Retirement Fund now owns 190,884 shares of the transportation company's stock worth $10,124,000 after purchasing an additional 1,756 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Wall Street Analysts Forecast Growth

KNX has been the subject of a number of research reports. Wells Fargo & Company increased their target price on Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Stifel Nicolaus lowered their target price on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a report on Monday, April 14th. Benchmark restated a "buy" rating and issued a $63.00 price objective on shares of Knight-Swift Transportation in a report on Monday, April 14th. Citigroup raised their price objective on Knight-Swift Transportation from $48.00 to $53.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Susquehanna decreased their price objective on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating for the company in a report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.67.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX traded down $0.21 during midday trading on Friday, hitting $42.62. 3,565,381 shares of the company's stock were exchanged, compared to its average volume of 2,370,102. 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 has a market capitalization of $6.91 billion, a PE ratio of 45.35, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 12 month low of $36.69 and a 12 month high of $61.51. The company's 50 day moving average price is $42.53 and its 200 day moving average price is $48.04.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 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 firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same period in the previous year, the business posted $0.12 earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.69%. Knight-Swift Transportation's dividend payout ratio is currently 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.