Universal Beteiligungs und Servicegesellschaft mbH Lowers Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has significantly reduced its stake in Knight-Swift Transportation, selling 44,701 shares and now holding just 8,009 shares, valued at $348,000.
• Over 88% of Knight-Swift's stock is owned by institutional investors and hedge funds, indicating strong institutional interest.
• Analysts have mixed views on Knight-Swift, with price targets ranging from $44.00 to $60.00, reflecting a consensus rating of "Moderate Buy."

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 84.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,009 shares of the transportation company's stock after selling 44,701 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Knight-Swift Transportation were worth $348,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in Knight-Swift Transportation by 4.6% in the 1st quarter. Victory Capital Management Inc. now owns 8,344,372 shares of the transportation company's stock valued at $362,897,000 after purchasing an additional 364,263 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Knight-Swift Transportation by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company's stock valued at $370,819,000 after acquiring an additional 505,543 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Knight-Swift Transportation by 1.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company's stock worth $188,632,000 after purchasing an additional 63,241 shares in the last quarter. Interval Partners LP increased its position in shares of Knight-Swift Transportation by 320.7% in the fourth quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock worth $93,076,000 after purchasing an additional 1,337,727 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of Knight-Swift Transportation by 11.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,705,095 shares of the transportation company's stock worth $90,438,000 after buying an additional 179,980 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Stock Up 0.4%

KNX traded up $0.15 during trading on Wednesday, reaching $42.53. The stock had a trading volume of 1,905,597 shares, compared to its average volume of 3,180,224. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. The stock's 50 day moving average is $44.62 and its two-hundred day moving average is $46.00. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 0.63 and a beta of 1.17. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51.

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

Analyst Ratings Changes

A number of research firms have weighed in on KNX. The Goldman Sachs Group upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and raised their price target for the company from $45.00 to $65.00 in a research report on Monday, June 2nd. Raymond James Financial boosted their price objective on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 15th. TD Cowen decreased their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus cut their price target 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. Finally, UBS Group dropped their target price on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $53.88.

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.