EverSource Wealth Advisors LLC Has $2.17 Million Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

EverSource Wealth Advisors LLC decreased its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,352 shares of the transportation company’s stock after selling 722 shares during the period. EverSource Wealth Advisors LLC’s holdings in Knight-Swift Transportation were worth $2,165,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KNX. Rise Advisors LLC acquired a new stake in Knight-Swift Transportation during the 1st quarter worth $25,000. GAMMA Investing LLC grew its stake in shares of Knight-Swift Transportation by 67.5% during the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after acquiring an additional 253 shares in the last quarter. Blue Trust Inc. increased its stake in Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after buying an additional 326 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Knight-Swift Transportation by 61.7% during the 4th quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock worth $43,000 after buying an additional 283 shares in the last quarter. Finally, RiverPark Advisors LLC grew its holdings in shares of Knight-Swift Transportation by 160.6% in the 1st quarter. RiverPark Advisors LLC now owns 1,165 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 718 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Price Performance

Shares of KNX stock traded down $1.74 during trading on Friday, hitting $50.73. The company had a trading volume of 2,528,477 shares, compared to its average volume of 2,302,573. 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 market capitalization of $8.20 billion, a price-to-earnings ratio of 75.72, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93. The company has a quick ratio of 0.93, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average is $49.29 and its two-hundred day moving average is $52.02.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the company posted $0.49 earnings per share. Knight-Swift Transportation’s revenue for the quarter was up 18.9% compared to the same quarter last year. As a group, analysts predict that Knight-Swift Transportation Holdings Inc. will post 1.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on KNX. Raymond James decreased their target price on Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating on the stock in a report on Thursday, July 25th. Stifel Nicolaus downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their price objective for the company from $53.00 to $47.00 in a research report on Friday, April 26th. Loop Capital cut Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their price target for the stock from $63.00 to $53.00 in a report on Thursday, April 18th. Susquehanna decreased their target price on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Finally, StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.79.

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.