45,729 Shares in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 45,729 shares of the transportation company's stock, valued at approximately $1,989,000.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of Knight-Swift Transportation by 40.0% in the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after purchasing an additional 324 shares during the last quarter. Quarry LP grew its position in Knight-Swift Transportation by 41.6% in the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after acquiring an additional 500 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in Knight-Swift Transportation in the fourth quarter worth about $99,000. Quadrant Capital Group LLC grew its position in Knight-Swift Transportation by 21.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,139 shares of the transportation company's stock worth $113,000 after acquiring an additional 375 shares in the last quarter. Finally, Signaturefd LLC grew its position in Knight-Swift Transportation by 8.5% in the fourth quarter. Signaturefd LLC now owns 2,769 shares of the transportation company's stock worth $147,000 after acquiring an additional 218 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Trading Down 1.8%

Shares of NYSE KNX traded down $0.88 during trading hours on Friday, reaching $47.34. The stock had a trading volume of 1,577,700 shares, compared to its average volume of 2,417,108. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 50.36, a P/E/G ratio of 0.71 and a beta of 1.17. The business's fifty day moving average price is $44.51 and its two-hundred day moving average price is $47.15. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.79% and a net margin of 2.04%. Knight-Swift Transportation's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were issued a $0.18 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.52%. Knight-Swift Transportation's payout ratio is 76.60%.

Analyst Upgrades and Downgrades

KNX has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on Knight-Swift Transportation from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Tuesday. Wells Fargo & Company lifted their price target on Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Benchmark reiterated a "buy" rating and issued a $63.00 price target on shares of Knight-Swift Transportation in a research report on Monday, April 14th. Baird R W upgraded Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Barclays dropped their price target on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday. Five research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.