Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 54,434.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,103,768 shares of the transportation company's stock after buying an additional 1,101,744 shares during the period. SG Americas Securities LLC owned 0.68% of Knight-Swift Transportation worth $48,003,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Interval Partners LP lifted its holdings in Knight-Swift Transportation by 320.7% during the fourth quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock valued at $93,076,000 after purchasing an additional 1,337,727 shares in the last quarter. Norges Bank purchased a new stake in shares of Knight-Swift Transportation in the 4th quarter valued at approximately $65,839,000. Junto Capital Management LP acquired a new stake in Knight-Swift Transportation during the fourth quarter worth $34,355,000. Ceredex Value Advisors LLC grew its holdings in shares of Knight-Swift Transportation by 59.5% during the 4th quarter. Ceredex Value Advisors LLC now owns 1,435,562 shares of the transportation company's stock worth $76,142,000 after purchasing an additional 535,518 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Knight-Swift Transportation by 36.8% during the fourth quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company's stock valued at $100,004,000 after acquiring an additional 507,370 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Price Performance

KNX traded down $1.32 during trading on Friday, reaching $42.71. 3,149,006 shares of the stock were exchanged, compared to its average volume of 2,351,451. Knight-Swift Transportation Holdings Inc. has a 1 year low of $36.69 and a 1 year high of $61.51. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 58.51 and a beta of 1.18. The business's 50 day moving average price is $42.35 and its two-hundred day moving average price is $48.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. As a group, equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is 76.60%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KNX. Wells Fargo & Company lifted their target price on Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. TD Securities cut their price objective on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Susquehanna dropped their price objective on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. Barclays lowered their target price on shares of Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Stifel Nicolaus dropped their price target on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and an average target price of $52.67.

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.