Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Position Lifted by UMB Bank n.a.

UMB Bank n.a. grew its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 40.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,133 shares of the transportation company’s stock after buying an additional 324 shares during the period. UMB Bank n.a.’s holdings in Knight-Swift Transportation were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KNX. Parkside Financial Bank & Trust boosted its stake in Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 322 shares during the period. Arcadia Investment Management Corp MI grew its holdings in shares of Knight-Swift Transportation by 167.2% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock worth $71,000 after acquiring an additional 836 shares during the last quarter. Quarry LP increased its stake in Knight-Swift Transportation by 41.6% in the 4th quarter. Quarry LP now owns 1,701 shares of the transportation company’s stock worth $90,000 after purchasing an additional 500 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Knight-Swift Transportation during the fourth quarter valued at approximately $99,000. Finally, Quadrant Capital Group LLC raised its stake in Knight-Swift Transportation by 21.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,139 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Down 3.0%

Shares of NYSE KNX opened at $42.71 on Friday. Knight-Swift Transportation Holdings Inc. has a 1-year low of $36.69 and a 1-year high of $61.51. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $42.35 and a two-hundred day moving average of $48.56. The company has a market cap of $6.92 billion, a PE ratio of 58.51 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the company earned $0.12 EPS. Knight-Swift Transportation’s revenue was up 1.3% on a year-over-year basis. As a group, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.69%. Knight-Swift Transportation’s dividend payout ratio is currently 76.60%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KNX. Benchmark reiterated a “buy” rating and issued a $63.00 target price on shares of Knight-Swift Transportation in a research report on Monday, April 14th. Susquehanna reduced their price objective on shares of Knight-Swift Transportation from $54.00 to $45.00 and set a “positive” rating for the company in a research note on Thursday, April 24th. Citigroup raised their target price on Knight-Swift Transportation from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday, May 30th. TD Securities cut their price objective on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their target price on Knight-Swift Transportation from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.67.

Knight-Swift Transportation Company 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.