Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock Holdings Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 583.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,165 shares of the transportation company's stock after purchasing an additional 28,309 shares during the period. Tower Research Capital LLC TRC's holdings in Knight-Swift Transportation were worth $1,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its position in Knight-Swift Transportation by 13.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 23,563 shares of the transportation company's stock valued at $1,182,000 after acquiring an additional 2,723 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Knight-Swift Transportation by 37.1% in the third quarter. State Board of Administration of Florida Retirement System now owns 205,365 shares of the transportation company's stock valued at $10,299,000 after acquiring an additional 55,613 shares during the last quarter. Blair William & Co. IL lifted its position in Knight-Swift Transportation by 34.5% in the third quarter. Blair William & Co. IL now owns 74,028 shares of the transportation company's stock valued at $3,713,000 after acquiring an additional 18,987 shares during the last quarter. Citigroup Inc. lifted its position in Knight-Swift Transportation by 192.4% in the third quarter. Citigroup Inc. now owns 86,467 shares of the transportation company's stock valued at $4,336,000 after acquiring an additional 180,065 shares during the last quarter. Finally, Nicollet Investment Management Inc. lifted its position in Knight-Swift Transportation by 2.5% in the third quarter. Nicollet Investment Management Inc. now owns 17,837 shares of the transportation company's stock valued at $895,000 after acquiring an additional 434 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Price Performance

KNX traded up $1.64 on Monday, hitting $49.68. 3,297,063 shares of the company were exchanged, compared to its average volume of 2,161,871. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.93 and a current ratio of 0.93. The business's fifty day moving average is $49.01 and its 200 day moving average is $53.80. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The firm has a market capitalization of $8.03 billion, a P/E ratio of 74.15, a price-to-earnings-growth ratio of 1.21 and a beta of 0.98.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company's quarterly revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.26 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, June 10th. This represents a $0.64 annualized dividend and a yield of 1.29%. Knight-Swift Transportation's payout ratio is currently 95.52%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Evercore ISI reduced their target price on shares of Knight-Swift Transportation from $60.00 to $55.00 and set an "in-line" rating for the company in a report on Thursday, April 25th. Stifel Nicolaus cut shares of Knight-Swift Transportation from a "buy" rating to a "hold" rating and reduced their target price for the company from $53.00 to $47.00 in a report on Friday, April 26th. Loop Capital cut shares of Knight-Swift Transportation from a "buy" rating to a "hold" rating and reduced their target price for the company from $63.00 to $53.00 in a report on Thursday, April 18th. Robert W. Baird reduced their target price on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 25th. Finally, Barclays reduced their target price on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Knight-Swift Transportation has an average rating of "Moderate Buy" and an average target price of $57.29.

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.