Aviance Capital Partners LLC Boosts Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Aviance Capital Partners LLC lifted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,098 shares of the transportation company’s stock after purchasing an additional 1,316 shares during the quarter. Knight-Swift Transportation accounts for approximately 0.8% of Aviance Capital Partners LLC’s investment portfolio, making the stock its 27th largest position. Aviance Capital Partners LLC owned 0.06% of Knight-Swift Transportation worth $5,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in Knight-Swift Transportation by 22.6% during the third quarter. Envestnet Asset Management Inc. now owns 205,951 shares of the transportation company’s stock worth $10,328,000 after buying an additional 37,934 shares during the period. Northern Trust Corp boosted its stake in Knight-Swift Transportation by 1.8% during the third quarter. Northern Trust Corp now owns 1,382,274 shares of the transportation company’s stock worth $69,321,000 after buying an additional 24,873 shares during the period. Natixis Advisors L.P. boosted its stake in Knight-Swift Transportation by 3.3% during the third quarter. Natixis Advisors L.P. now owns 31,896 shares of the transportation company’s stock worth $1,600,000 after buying an additional 1,028 shares during the period. Treasurer of the State of North Carolina boosted its stake in Knight-Swift Transportation by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 96,346 shares of the transportation company’s stock worth $4,832,000 after buying an additional 441 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in Knight-Swift Transportation by 37.7% during the third quarter. Qube Research & Technologies Ltd now owns 509,496 shares of the transportation company’s stock worth $25,551,000 after buying an additional 139,530 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KNX has been the subject of several research analyst reports. Bank of America decreased their target price on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Stephens decreased their target price on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Barclays decreased their target price on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Robert W. Baird decreased their target price on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, Loop Capital downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating and decreased their target price for the stock from $63.00 to $53.00 in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and an average price target of $56.54.

Knight-Swift Transportation Stock Down 0.5 %

Knight-Swift Transportation stock traded down $0.27 during trading hours on Monday, reaching $49.65. The stock had a trading volume of 57,130 shares, compared to its average volume of 2,108,436. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 74.51, a PEG ratio of 1.26 and a beta of 0.94. 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 business’s 50 day moving average price is $48.05 and its 200-day moving average price is $53.11. Knight-Swift Transportation Holdings Inc. has a 52 week low of $45.55 and a 52 week high of $60.99.

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

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were issued a $0.16 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.29%. Knight-Swift Transportation’s dividend payout ratio is presently 95.52%.

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.