Cerity Partners LLC Has $1.48 Million Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Cerity Partners LLC boosted its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 611.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,074 shares of the transportation company’s stock after acquiring an additional 29,286 shares during the quarter. Cerity Partners LLC’s holdings in Knight-Swift Transportation were worth $1,482,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KNX. UMB Bank n.a. lifted its position in shares of Knight-Swift Transportation by 40.0% in the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company’s stock worth $49,000 after purchasing an additional 324 shares during the period. Quarry LP raised its holdings in Knight-Swift Transportation by 41.6% during the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company’s stock worth $90,000 after buying an additional 500 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Knight-Swift Transportation by 21.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,139 shares of the transportation company’s stock worth $113,000 after acquiring an additional 375 shares in the last quarter. Allworth Financial LP grew its stake in shares of Knight-Swift Transportation by 38.6% in the 1st quarter. Allworth Financial LP now owns 3,044 shares of the transportation company’s stock worth $123,000 after acquiring an additional 847 shares in the last quarter. Finally, Oxford Asset Management LLP bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth $200,000. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Stock Down 0.3%

Knight-Swift Transportation stock opened at $44.51 on Tuesday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $36.69 and a twelve month high of $61.51. The stock has a 50 day moving average of $44.89 and a two-hundred day moving average of $46.85. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 0.67 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a return on equity of 2.79% and a net margin of 2.04%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the business earned $0.12 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Monday, June 9th. Knight-Swift Transportation’s dividend payout ratio is currently 76.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. TD Securities lowered their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Benchmark reissued a “buy” rating and issued a $63.00 price target on shares of Knight-Swift Transportation in a report on Monday, April 14th. Susquehanna increased their price target on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a “positive” rating in a report on Tuesday, June 24th. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $45.00 to $65.00 in a report on Monday, June 2nd. Finally, Evercore ISI lowered their target price on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an “in-line” rating on the stock in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.06.

Knight-Swift Transportation 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.