Kennedy Capital Management LLC Trims Stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Kennedy Capital Management LLC decreased its stake in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 54.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,247 shares of the transportation company’s stock after selling 73,900 shares during the quarter. Kennedy Capital Management LLC’s holdings in Knight-Swift Transportation were worth $3,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rise Advisors LLC bought a new stake in Knight-Swift Transportation during the 1st quarter worth approximately $25,000. GAMMA Investing LLC boosted its holdings in Knight-Swift Transportation by 67.5% in the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after buying an additional 253 shares during the period. Blue Trust Inc. boosted its holdings in Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock worth $42,000 after buying an additional 326 shares during the period. First Horizon Advisors Inc. increased its stake in Knight-Swift Transportation by 61.7% in the 4th quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock worth $43,000 after buying an additional 283 shares in the last quarter. Finally, RiverPark Advisors LLC raised its holdings in Knight-Swift Transportation by 160.6% during the first quarter. RiverPark Advisors LLC now owns 1,165 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 718 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 4.0 %

NYSE KNX traded up $2.09 on Tuesday, hitting $54.33. 2,677,362 shares of the stock were exchanged, compared to its average volume of 2,135,131. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $60.99. The firm has a market capitalization of $8.78 billion, a P/E ratio of 80.18, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.88. The stock has a fifty day moving average price of $48.81 and a two-hundred day moving average price of $52.03.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. Knight-Swift Transportation’s revenue for the quarter was up 18.9% on a year-over-year basis. Research analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.16 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a $0.16 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.18%. Knight-Swift Transportation’s payout ratio is 95.52%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KNX shares. Wolfe Research lowered shares of Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Loop Capital downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and dropped their price objective for the company from $63.00 to $53.00 in a report on Thursday, April 18th. Wells Fargo & Company assumed coverage on Knight-Swift Transportation in a report on Friday, June 7th. They issued an “overweight” rating and a $56.00 target price on the stock. StockNews.com raised Knight-Swift Transportation to a “sell” rating in a research note on Thursday, July 25th. Finally, Raymond James reduced their price objective on Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating on the stock in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.79.

About Knight-Swift Transportation

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.