Parallel Advisors LLC Has $102,000 Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Parallel Advisors LLC decreased its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNXFree Report) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,775 shares of the transportation company’s stock after selling 326 shares during the quarter. Parallel Advisors LLC’s holdings in Knight-Swift Transportation were worth $102,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Knight-Swift Transportation by 136.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 385 shares during the period. Blue Trust Inc. grew its stake in Knight-Swift Transportation by 80.3% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock worth $42,000 after buying an additional 326 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Knight-Swift Transportation by 61.7% during the fourth quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock worth $43,000 after buying an additional 283 shares in the last quarter. Planned Solutions Inc. bought a new position in shares of Knight-Swift Transportation in the fourth quarter valued at approximately $92,000. Finally, Avior Wealth Management LLC acquired a new position in shares of Knight-Swift Transportation in the 4th quarter worth approximately $150,000. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX opened at $47.51 on Thursday. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 70.91, a P/E/G ratio of 1.20 and a beta of 0.98. The firm’s 50 day simple moving average is $49.39 and its 200 day simple moving average is $53.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.93. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the business earned $0.73 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.35%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 95.52%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KNX shares. Robert W. Baird cut their price objective 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. Stifel Nicolaus lowered shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and reduced their target price for the stock from $53.00 to $47.00 in a research report on Friday, April 26th. Bank of America lowered their price target on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Raymond James assumed coverage on Knight-Swift Transportation in a report on Wednesday, May 15th. They set a “strong-buy” rating and a $58.00 price objective on the stock. Finally, Loop Capital cut Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their target price for the company from $63.00 to $53.00 in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.38.

Read Our Latest Stock Analysis on KNX

Knight-Swift Transportation Company Profile

(Free Report)

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.

Featured Articles

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

Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.