Aviance Capital Partners LLC Sells 14,888 Shares of Knight-Swift Transportation Holdings Inc. $KNX

Aviance Capital Partners LLC trimmed its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 19.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 62,199 shares of the transportation company’s stock after selling 14,888 shares during the period. Aviance Capital Partners LLC’s holdings in Knight-Swift Transportation were worth $3,581,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in Knight-Swift Transportation by 123.9% during the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after buying an additional 301 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of Knight-Swift Transportation by 134.6% during the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after acquiring an additional 385 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Knight-Swift Transportation by 1,478.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 828 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Knight-Swift Transportation during the 4th quarter valued at about $39,000. Finally, Fifth Third Bancorp raised its stake in shares of Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 267 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on KNX. TD Cowen boosted their target price on Knight-Swift Transportation from $60.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Stifel Nicolaus increased their price target on Knight-Swift Transportation from $70.00 to $85.00 and gave the company a “buy” rating in a report on Monday, July 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Knight-Swift Transportation in a research report on Monday, July 13th. UBS Group boosted their price objective on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Finally, Stephens raised shares of Knight-Swift Transportation to a “strong-buy” rating in a report on Wednesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $80.44.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $76.61 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $74.52 and its two-hundred day moving average is $64.20. The company has a market cap of $12.45 billion, a P/E ratio of 364.83, a P/E/G ratio of 0.86 and a beta of 1.18. Knight-Swift Transportation Holdings Inc. has a 12 month low of $38.63 and a 12 month high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.20). Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company posted $0.28 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.21 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, June 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. Knight-Swift Transportation’s payout ratio is presently 380.95%.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.