Yousif Capital Management LLC Sells 1,191 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Yousif Capital Management LLC trimmed its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,739 shares of the transportation company’s stock after selling 1,191 shares during the quarter. Yousif Capital Management LLC’s holdings in Knight-Swift Transportation were worth $2,598,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Voya Investment Management LLC grew its stake in Knight-Swift Transportation by 0.9% in the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company’s stock worth $1,090,000 after purchasing an additional 192 shares during the period. Benjamin Edwards Inc. grew its position in shares of Knight-Swift Transportation by 3.3% in the 4th quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company’s stock worth $355,000 after buying an additional 216 shares during the period. Signaturefd LLC increased its stake in shares of Knight-Swift Transportation by 8.5% in the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock worth $147,000 after acquiring an additional 218 shares in the last quarter. Bessemer Group Inc. lifted its position in Knight-Swift Transportation by 6.1% during the 4th quarter. Bessemer Group Inc. now owns 3,882 shares of the transportation company’s stock valued at $206,000 after acquiring an additional 222 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in Knight-Swift Transportation by 4.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company’s stock worth $281,000 after acquiring an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Wall Street Analysts Forecast Growth

KNX has been the subject of several recent research reports. Stifel Nicolaus lowered their target price on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating for the company in a report on Monday, April 14th. Raymond James cut their target price on Knight-Swift Transportation from $66.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and raised their price target for the company from $45.00 to $65.00 in a report on Monday, June 2nd. Bank of America upped their price target on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Citigroup raised their price objective on shares of Knight-Swift Transportation from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average price target of $52.67.

Knight-Swift Transportation Stock Performance

KNX opened at $42.71 on Friday. The company’s 50 day moving average is $42.35 and its 200 day moving average is $48.56. 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 market cap of $6.92 billion, a price-to-earnings ratio of 58.51 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 12-month low of $36.69 and a 12-month high of $61.51.

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

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.69%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 76.60%.

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.