Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC reduced its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,782 shares of the transportation company’s stock after selling 2,603 shares during the quarter. Knight-Swift Transportation accounts for approximately 1.2% of Aviance Capital Partners LLC’s portfolio, making the stock its 18th largest holding. Aviance Capital Partners LLC owned 0.06% of Knight-Swift Transportation worth $5,637,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in KNX. Massmutual Trust Co. FSB ADV increased its stake in Knight-Swift Transportation by 136.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 385 shares in the last quarter. Blue Trust Inc. grew its holdings in Knight-Swift Transportation by 80.3% in the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 326 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Knight-Swift Transportation by 61.7% in the fourth quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock valued at $43,000 after buying an additional 283 shares in the last quarter. Planned Solutions Inc. acquired a new position in shares of Knight-Swift Transportation during the 4th quarter worth $92,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of Knight-Swift Transportation in the 4th quarter worth about $150,000. 88.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KNX. Susquehanna cut their target price on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Evercore ISI cut their price objective on Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating for the company in a research report on Thursday, April 25th. Bank of America lowered their target price on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Stifel Nicolaus cut Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price target for the stock from $53.00 to $47.00 in a report on Friday, April 26th. Finally, Robert W. Baird decreased their price objective on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $57.71.

Insiders Place Their Bets

In other news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the transaction, the chief accounting officer now owns 5,118 shares of the company’s stock, valued at approximately $287,836.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.

Knight-Swift Transportation Trading Up 1.0 %

NYSE:KNX traded up $0.48 during trading hours on Monday, reaching $47.55. 1,448,438 shares of the company were exchanged, compared to its average volume of 2,180,087. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $60.99. The stock has a 50 day simple moving average of $52.25 and a 200 day simple moving average of $54.17. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 70.97, a PEG ratio of 2.44 and a beta of 1.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.93.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The firm had revenue of $1.80 billion during 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%. Knight-Swift Transportation’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 EPS. As a group, analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.29 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.64 annualized dividend and a yield of 1.35%. Knight-Swift Transportation’s payout ratio is 95.52%.

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.