KBC Group NV Reduces Position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

KBC Group NV lowered its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 64.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,302 shares of the transportation company’s stock after selling 26,124 shares during the period. KBC Group NV’s holdings in Knight-Swift Transportation were worth $622,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in Knight-Swift Transportation during the 4th quarter valued at about $749,000. Jones Financial Companies Lllp lifted its holdings in Knight-Swift Transportation by 45.5% during the 4th quarter. Jones Financial Companies Lllp now owns 10,739 shares of the transportation company’s stock worth $570,000 after buying an additional 3,357 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Knight-Swift Transportation by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company’s stock worth $62,340,000 after buying an additional 28,387 shares in the last quarter. Keybank National Association OH lifted its holdings in Knight-Swift Transportation by 10.3% during the 4th quarter. Keybank National Association OH now owns 4,104 shares of the transportation company’s stock worth $218,000 after buying an additional 383 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Knight-Swift Transportation by 10.4% during the 4th quarter. Assetmark Inc. now owns 17,355 shares of the transportation company’s stock worth $921,000 after buying an additional 1,631 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $47.39 on Friday. The stock has a market cap of $7.68 billion, a P/E ratio of 50.42, a P/E/G ratio of 0.70 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.88. The company has a fifty day moving average price of $43.74 and a two-hundred day moving average price of $47.38. Knight-Swift Transportation Holdings Inc. has a one year low of $36.69 and a one year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the firm earned $0.12 earnings per share. Knight-Swift Transportation’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS 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 dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.72 annualized dividend and a yield of 1.52%. Knight-Swift Transportation’s dividend payout ratio is presently 76.60%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KNX. TD Securities dropped their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Bank of America raised their price objective on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. TD Cowen reduced their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $45.00 to $65.00 in a report on Monday, June 2nd. Finally, UBS Group decreased their price objective on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.25.

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.