Quadrature Capital Ltd Cuts Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Quadrature Capital Ltd lowered its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 30.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,785 shares of the transportation company’s stock after selling 1,673 shares during the period. Quadrature Capital Ltd’s holdings in Knight-Swift Transportation were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Knight-Swift Transportation by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 15,021,291 shares of the transportation company’s stock worth $865,977,000 after purchasing an additional 57,000 shares during the last quarter. Wellington Management Group LLP raised its holdings in Knight-Swift Transportation by 15.7% in the fourth quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock worth $906,016,000 after purchasing an additional 2,137,296 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Knight-Swift Transportation by 63.8% during the fourth quarter. V Square Quantitative Management LLC now owns 1,697 shares of the transportation company’s stock valued at $98,000 after buying an additional 661 shares during the last quarter. Bullseye Asset Management LLC boosted its holdings in shares of Knight-Swift Transportation by 6.2% in the 4th quarter. Bullseye Asset Management LLC now owns 43,000 shares of the transportation company’s stock valued at $2,478,000 after buying an additional 2,500 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in shares of Knight-Swift Transportation by 225.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 865,235 shares of the transportation company’s stock worth $49,881,000 after buying an additional 599,193 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KNX. Robert W. Baird lowered their target price on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Evercore ISI dropped their target price on Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating on the stock in a research note on Tuesday. Barclays reduced their target price on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Raymond James began coverage on Knight-Swift Transportation in a report on Wednesday, May 15th. They issued a “strong-buy” rating and a $58.00 price target for the company. Finally, Stifel Nicolaus downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price objective for the company from $53.00 to $47.00 in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.14.

Knight-Swift Transportation Trading Up 1.5 %

NYSE KNX opened at $48.91 on Thursday. Knight-Swift Transportation Holdings Inc. has a 1 year low of $45.55 and a 1 year high of $60.99. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $7.90 billion, a PE ratio of 73.00, a P/E/G ratio of 1.22 and a beta of 0.98. The company has a fifty day moving average of $47.99 and a 200 day moving average of $53.27.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07). The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS. Research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.26 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were paid a dividend of $0.16 per share. The ex-dividend date was Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.31%. Knight-Swift Transportation’s payout ratio is 95.52%.

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.