Zurcher Kantonalbank Zurich Cantonalbank Trims Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 60.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 56,842 shares of the transportation company’s stock after selling 86,633 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Knight-Swift Transportation were worth $2,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in shares of Knight-Swift Transportation by 9,383.3% in the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock worth $25,000 after purchasing an additional 563 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Knight-Swift Transportation by 40.0% in the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company’s stock worth $49,000 after purchasing an additional 324 shares in the last quarter. Quarry LP increased its stake in shares of Knight-Swift Transportation by 41.6% in the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company’s stock worth $90,000 after purchasing an additional 500 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Knight-Swift Transportation by 21.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,139 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 375 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Knight-Swift Transportation during the first quarter valued at approximately $118,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock opened at $41.30 on Friday. Knight-Swift Transportation Holdings Inc. has a 52-week low of $36.69 and a 52-week high of $61.51. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of 0.63 and a beta of 1.17. The company has a fifty day moving average of $44.67 and a 200-day moving average of $46.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.89.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the company earned $0.24 EPS. The firm’s revenue was up .8% on a year-over-year basis. Equities research analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Analysts Set New Price Targets

KNX has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Robert W. Baird boosted their price objective on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Bank of America boosted their price objective on shares of Knight-Swift Transportation from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Susquehanna boosted their price objective on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a “positive” rating in a research note on Tuesday, June 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $63.00 price objective on shares of Knight-Swift Transportation in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and an average price target of $53.88.

Knight-Swift Transportation 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.