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

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 decreased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 84.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNX. LPL Financial LLC increased its position in shares of Knight-Swift Transportation by 28.3% in the 4th quarter. LPL Financial LLC now owns 31,736 shares of the transportation company's stock worth $1,683,000 after purchasing an additional 6,991 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Knight-Swift Transportation by 20.0% during the 4th quarter. Prudential Financial Inc. now owns 25,364 shares of the transportation company's stock valued at $1,345,000 after buying an additional 4,227 shares during the last quarter. Blair William & Co. IL grew its position in shares of Knight-Swift Transportation by 40.0% during the 4th quarter. Blair William & Co. IL now owns 5,433 shares of the transportation company's stock valued at $288,000 after buying an additional 1,551 shares during the last quarter. Schroder Investment Management Group bought a new stake in shares of Knight-Swift Transportation during the 4th quarter valued at about $221,000. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Knight-Swift Transportation by 13.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,962 shares of the transportation company's stock valued at $263,000 after buying an additional 604 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

Analyst Upgrades and Downgrades

KNX has been the subject of a number of recent research reports. TD Securities lowered 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. Stifel Nicolaus lowered 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. Susquehanna boosted 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. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $45.00 to $65.00 in a research report on Monday, June 2nd. Finally, UBS Group reduced their target price on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.88.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX traded down $0.22 during trading on Friday, reaching $41.24. The company had a trading volume of 1,265,575 shares, compared to its average volume of 2,884,387. The firm's fifty day moving average is $44.60 and its 200 day moving average is $45.98. The firm has a market capitalization of $6.68 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 0.63 and a beta of 1.17. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89.

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

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.7%. Knight-Swift Transportation's dividend payout ratio is presently 70.59%.

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.