Atria Investments LLC Increases Stock Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Atria Investments LLC raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Rating) by 20.9% during the 1st quarter, Holdings Channel reports. The firm owned 45,602 shares of the transportation company’s stock after purchasing an additional 7,877 shares during the quarter. Atria Investments LLC’s holdings in Knight-Swift Transportation were worth $2,301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc raised its position in shares of Knight-Swift Transportation by 3.5% in the fourth quarter. CIBC Asset Management Inc now owns 6,873 shares of the transportation company’s stock valued at $419,000 after buying an additional 231 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of Knight-Swift Transportation by 1.2% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,400 shares of the transportation company’s stock valued at $1,182,000 after buying an additional 234 shares during the last quarter. Highland Capital Management LLC raised its position in shares of Knight-Swift Transportation by 0.7% in the first quarter. Highland Capital Management LLC now owns 44,864 shares of the transportation company’s stock valued at $2,264,000 after buying an additional 290 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Knight-Swift Transportation by 336.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 436 shares of the transportation company’s stock valued at $27,000 after buying an additional 336 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Knight-Swift Transportation by 6.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,661 shares of the transportation company’s stock worth $344,000 after purchasing an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 86.20% of the company’s stock.

Knight-Swift Transportation Price Performance

Shares of KNX stock opened at $51.17 on Monday. The company has a market capitalization of $8.37 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.63 and a beta of 1.19. The firm has a fifty day simple moving average of $47.42 and a 200-day simple moving average of $50.66. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 0.22. Knight-Swift Transportation Holdings Inc. has a twelve month low of $42.50 and a twelve month high of $62.29.

Knight-Swift Transportation (NYSE:KNXGet Rating) last announced its earnings results on Wednesday, July 20th. The transportation company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.06. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.85 billion. Knight-Swift Transportation had a net margin of 12.26% and a return on equity of 14.44%. The business’s quarterly revenue was up 49.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. Equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 5.39 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 27th. Shareholders of record on Friday, June 10th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $0.48 dividend on an annualized basis and a yield of 0.94%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 8.97%.

Analysts Set New Price Targets

Several equities analysts recently commented on KNX shares. Stephens dropped their price target on shares of Knight-Swift Transportation from $70.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, April 1st. Raymond James upped their price target on shares of Knight-Swift Transportation from $50.00 to $53.00 in a research report on Monday, April 25th. Cowen upped their price target on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. Wolfe Research raised shares of Knight-Swift Transportation from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Knight-Swift Transportation from $54.00 to $52.00 and set an “underweight” rating for the company in a research report on Friday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.94.

Knight-Swift Transportation Company Profile

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Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

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Institutional Ownership by Quarter for Knight-Swift Transportation (NYSE:KNX)

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