Aviance Capital Partners LLC Purchases 3,600 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Aviance Capital Partners LLC lifted its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,340 shares of the transportation company’s stock after purchasing an additional 3,600 shares during the quarter. Knight-Swift Transportation comprises about 0.8% of Aviance Capital Partners LLC’s investment portfolio, making the stock its 25th biggest position. Aviance Capital Partners LLC owned about 0.06% of Knight-Swift Transportation worth $5,534,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KNX. Parkside Financial Bank & Trust grew its stake in shares of Knight-Swift Transportation by 88.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after buying an additional 322 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of Knight-Swift Transportation by 87.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock valued at $40,000 after buying an additional 348 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after buying an additional 370 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Knight-Swift Transportation by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock valued at $62,000 after buying an additional 292 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Knight-Swift Transportation by 71.1% during the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock valued at $65,000 after buying an additional 499 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $48.87 on Friday. The business’s fifty day simple moving average is $53.92 and its 200-day simple moving average is $53.89. The company has a market cap of $7.92 billion, a PE ratio of 66.95 and a beta of 0.99. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.18 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio is presently 98.63%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and upped their target price for the company from $48.00 to $67.00 in a research note on Friday, January 3rd. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Benchmark assumed coverage on Knight-Swift Transportation in a report on Tuesday. They issued a “buy” rating and a $63.00 price target for the company. Raymond James boosted their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Finally, TD Cowen boosted their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus target price of $59.59.

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.