Oak Thistle LLC Buys 5,580 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Oak Thistle LLC boosted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 37.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,411 shares of the transportation company's stock after purchasing an additional 5,580 shares during the period. Oak Thistle LLC's holdings in Knight-Swift Transportation were worth $888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Readystate Asset Management LP bought a new position in Knight-Swift Transportation in the first quarter valued at $611,000. Y Intercept Hong Kong Ltd bought a new position in Knight-Swift Transportation in the first quarter valued at $4,073,000. Mader & Shannon Wealth Management Inc. grew its position in Knight-Swift Transportation by 15.2% in the first quarter. Mader & Shannon Wealth Management Inc. now owns 141,284 shares of the transportation company's stock valued at $6,144,000 after purchasing an additional 18,593 shares in the last quarter. Csenge Advisory Group bought a new position in shares of Knight-Swift Transportation in the 1st quarter valued at about $536,000. Finally, Forum Financial Management LP grew its position in shares of Knight-Swift Transportation by 16.4% in the 1st quarter. Forum Financial Management LP now owns 5,518 shares of the transportation company's stock valued at $240,000 after acquiring an additional 776 shares during the period. Institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Price Performance

KNX stock traded down $0.54 during mid-day trading on Monday, hitting $44.30. The stock had a trading volume of 983,214 shares, compared to its average volume of 2,858,235. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 52 week low of $36.69 and a 52 week high of $61.51. The firm has a market capitalization of $7.18 billion, a P/E ratio of 43.48, a P/E/G ratio of 0.67 and a beta of 1.17. The firm has a fifty day simple moving average of $44.80 and a 200 day simple moving average of $46.53.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The business's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. As a group, research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, June 9th. Knight-Swift Transportation's dividend payout ratio is currently 70.59%.

Analyst Upgrades and Downgrades

KNX has been the subject of a number of analyst reports. Susquehanna lifted 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. Benchmark reissued a "buy" rating and issued a $63.00 price objective on shares of Knight-Swift Transportation in a research report on Monday, April 14th. TD Cowen decreased 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. Robert W. Baird lifted their price objective on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Stifel Nicolaus decreased their price objective on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company 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's stock. According to MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and an average target price of $53.88.

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.