Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,935,845 shares of the transportation company's stock after purchasing an additional 515,212 shares during the quarter. Vanguard Group Inc. owned about 9.22% of Knight-Swift Transportation worth $649,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in KNX. Voya Investment Management LLC raised its position in Knight-Swift Transportation by 0.9% during the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock valued at $1,090,000 after acquiring an additional 192 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of Knight-Swift Transportation by 3.3% in the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock valued at $355,000 after buying an additional 216 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Knight-Swift Transportation by 6.1% in the fourth quarter. Bessemer Group Inc. now owns 3,882 shares of the transportation company's stock valued at $206,000 after buying an additional 222 shares in the last quarter. UMB Bank n.a. increased its position 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 valued at $49,000 after buying an additional 324 shares in the last quarter. Finally, Tectonic Advisors LLC increased its position in shares of Knight-Swift Transportation by 0.6% in the first quarter. Tectonic Advisors LLC now owns 62,715 shares of the transportation company's stock valued at $2,727,000 after buying an additional 403 shares in the last quarter. Institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Trading Down 1.1%

Shares of Knight-Swift Transportation stock traded down $0.49 during trading hours on Friday, hitting $42.57. The company's stock had a trading volume of 1,710,699 shares, compared to its average volume of 3,225,702. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The firm has a fifty day moving average of $44.30 and a 200-day moving average of $45.19. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 41.74, a P/E/G ratio of 0.64 and a beta of 1.17. 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 announced its quarterly 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. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company posted $0.24 EPS. The company's quarterly revenue was up .8% on a year-over-year basis. Research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

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

Wall Street Analyst Weigh In

KNX has been the subject of a number of recent analyst reports. Raymond James Financial boosted their price objective on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 15th. UBS Group cut their price objective on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group raised Knight-Swift Transportation from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $45.00 to $65.00 in a research note on Monday, June 2nd. Citigroup lifted their price target on Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, TD Cowen lowered their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and an average target price of $53.88.

About Knight-Swift Transportation

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.