Aviance Capital Partners LLC Sells 2,603 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Aviance Capital Partners LLC lowered its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 97,782 shares of the transportation company’s stock after selling 2,603 shares during the period. Knight-Swift Transportation accounts for approximately 1.2% of Aviance Capital Partners LLC’s holdings, making the stock its 18th biggest position. Aviance Capital Partners LLC’s holdings in Knight-Swift Transportation were worth $5,637,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in KNX. Arkadios Wealth Advisors grew its position in shares of Knight-Swift Transportation by 2.9% during the 4th quarter. Arkadios Wealth Advisors now owns 7,215 shares of the transportation company’s stock worth $416,000 after buying an additional 205 shares during the period. Private Advisor Group LLC grew its holdings in Knight-Swift Transportation by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 7,542 shares of the transportation company’s stock worth $378,000 after acquiring an additional 207 shares during the period. Yousif Capital Management LLC raised its position in shares of Knight-Swift Transportation by 0.3% during the 4th quarter. Yousif Capital Management LLC now owns 77,858 shares of the transportation company’s stock valued at $4,489,000 after acquiring an additional 212 shares during the last quarter. Fiera Capital Corp lifted its stake in shares of Knight-Swift Transportation by 2.6% in the 3rd quarter. Fiera Capital Corp now owns 8,725 shares of the transportation company’s stock valued at $438,000 after purchasing an additional 225 shares during the period. Finally, Verdence Capital Advisors LLC boosted its position in shares of Knight-Swift Transportation by 4.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,242 shares of the transportation company’s stock worth $313,000 after purchasing an additional 272 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KNX shares. TD Cowen cut their target price on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Susquehanna decreased their price objective on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Stephens cut their target price on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Robert W. Baird decreased their price target on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, Barclays lowered their price objective on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $57.71.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Stock Up 1.0 %

Shares of KNX traded up $0.48 during midday trading on Monday, hitting $47.55. The stock had a trading volume of 1,448,438 shares, compared to its average volume of 2,180,087. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 70.97, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The company has a 50 day simple moving average of $52.25 and a two-hundred day simple moving average of $54.17. Knight-Swift Transportation Holdings Inc. has a twelve month low of $45.55 and a twelve month high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly 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). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $0.73 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. On average, analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.29 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

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

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.