Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lessened its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 47.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,026 shares of the transportation company’s stock after selling 18,629 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Knight-Swift Transportation were worth $1,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KNX. Wellington Management Group LLP boosted its position in shares of Knight-Swift Transportation by 15.7% during the 4th quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock valued at $906,016,000 after acquiring an additional 2,137,296 shares during the last quarter. Vanguard Group Inc. raised its holdings in Knight-Swift Transportation by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 15,021,291 shares of the transportation company’s stock valued at $865,977,000 after buying an additional 57,000 shares during the period. Victory Capital Management Inc. raised its holdings in Knight-Swift Transportation by 908.9% in the 4th quarter. Victory Capital Management Inc. now owns 4,181,899 shares of the transportation company’s stock valued at $241,086,000 after buying an additional 3,767,408 shares during the period. Norges Bank purchased a new stake in Knight-Swift Transportation in the 4th quarter valued at about $201,232,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Knight-Swift Transportation by 10.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,371,944 shares of the transportation company’s stock valued at $185,524,000 after buying an additional 311,788 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Down 1.9 %

NYSE KNX traded down $0.96 during trading hours on Friday, reaching $49.07. 292,036 shares of the company traded hands, compared to its average volume of 2,097,559. The stock has a market capitalization of $7.93 billion, a PE ratio of 72.97, a PEG ratio of 1.26 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $48.19 and a two-hundred day moving average of $52.96. Knight-Swift Transportation Holdings Inc. has a 12 month low of $45.55 and a 12 month high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.07). The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. As a group, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 1.26 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Monday, June 10th. Knight-Swift Transportation’s dividend payout ratio is currently 95.52%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Knight-Swift Transportation in a research note on Friday, June 7th. They set an “overweight” rating and a $56.00 price target on the stock. Evercore ISI cut their price target on shares of Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Loop Capital lowered shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price target for the stock from $63.00 to $53.00 in a research note on Thursday, April 18th. Stephens cut their price target on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Finally, Susquehanna cut their price target on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and an average target price of $56.54.

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.