First Trust Advisors LP Has $31.68 Million Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

First Trust Advisors LP cut its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNXFree Report) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 549,555 shares of the transportation company’s stock after selling 23,430 shares during the quarter. First Trust Advisors LP owned about 0.34% of Knight-Swift Transportation worth $31,682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Knight-Swift Transportation by 0.4% during the third quarter. Vanguard Group Inc. now owns 14,964,291 shares of the transportation company’s stock valued at $750,459,000 after purchasing an additional 54,133 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Knight-Swift Transportation by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,058,952 shares of the transportation company’s stock valued at $61,049,000 after purchasing an additional 35,549 shares during the period. Alberta Investment Management Corp bought a new stake in shares of Knight-Swift Transportation during the fourth quarter valued at approximately $2,240,000. Nordea Investment Management AB grew its position in Knight-Swift Transportation by 4.5% in the third quarter. Nordea Investment Management AB now owns 1,251,000 shares of the transportation company’s stock valued at $62,950,000 after acquiring an additional 54,076 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Knight-Swift Transportation by 22.6% in the third quarter. Envestnet Asset Management Inc. now owns 205,951 shares of the transportation company’s stock valued at $10,328,000 after acquiring an additional 37,934 shares during the period. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Trading Down 0.2 %

Shares of KNX opened at $48.04 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $60.99. The firm has a market capitalization of $7.76 billion, a PE ratio of 71.70, a price-to-earnings-growth ratio of 1.21 and a beta of 0.98. The stock’s fifty day simple moving average is $49.12 and its 200-day simple moving average is $53.82.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last issued its quarterly earnings results 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). Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $0.73 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. As a group, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.26 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, June 10th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KNX shares. Bank of America lowered their price target on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. TD Cowen lowered their price target on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Wells Fargo & Company started coverage on Knight-Swift Transportation in a research report on Friday. They issued an “overweight” rating and a $56.00 price target on the stock. Stephens lowered their price target on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Finally, Raymond James initiated coverage on Knight-Swift Transportation in a research note on Wednesday, May 15th. They issued a “strong-buy” rating and a $58.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.29.

Check Out Our Latest Analysis on KNX

About Knight-Swift Transportation

(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.

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

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