Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) have received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $63.24.

Several research firms recently issued reports on KNX. Stifel Nicolaus reduced their price target on Knight-Swift Transportation from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, July 18th. Raymond James increased their price objective on Knight-Swift Transportation from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Morgan Stanley dropped their price objective on Knight-Swift Transportation from $75.00 to $72.00 and set an “overweight” rating for the company in a report on Monday, July 31st. TD Cowen dropped their price objective on Knight-Swift Transportation from $62.00 to $59.00 and set an “outperform” rating for the company in a report on Friday, July 21st. Finally, JPMorgan Chase & Co. increased their price objective on Knight-Swift Transportation from $54.00 to $55.00 and gave the stock an “underweight” rating in a report on Friday, July 21st.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock opened at $53.57 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $8.64 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.59 and a beta of 1.18. The business’s 50-day moving average price is $56.42 and its 200-day moving average price is $56.02. Knight-Swift Transportation has a 12 month low of $45.63 and a 12 month high of $64.35.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.06). Knight-Swift Transportation had a return on equity of 8.08% and a net margin of 7.48%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.59 billion. Sell-side analysts forecast that Knight-Swift Transportation will post 2.19 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, September 7th. Knight-Swift Transportation’s payout ratio is 17.72%.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $59.00, for a total transaction of $118,000.00. Following the completion of the transaction, the chief accounting officer now owns 5,880 shares in the company, valued at $346,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $59.00, for a total transaction of $118,000.00. Following the completion of the transaction, the chief accounting officer now owns 5,880 shares in the company, valued at $346,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Kevin P. Knight sold 100,000 shares of Knight-Swift Transportation stock in a transaction on Friday, July 28th. The shares were sold at an average price of $60.19, for a total value of $6,019,000.00. Following the transaction, the chairman now owns 1,497,360 shares of the company’s stock, valued at approximately $90,126,098.40. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in shares of Knight-Swift Transportation by 0.3% in the 1st quarter. Wellington Management Group LLP now owns 15,705,799 shares of the transportation company’s stock worth $888,634,000 after purchasing an additional 39,580 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Knight-Swift Transportation by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 13,894,447 shares of the transportation company’s stock worth $701,114,000 after purchasing an additional 84,898 shares in the last quarter. FMR LLC increased its holdings in shares of Knight-Swift Transportation by 8.0% in the 1st quarter. FMR LLC now owns 7,426,776 shares of the transportation company’s stock worth $420,207,000 after purchasing an additional 551,443 shares in the last quarter. State Street Corp increased its holdings in shares of Knight-Swift Transportation by 2.7% in the 1st quarter. State Street Corp now owns 6,314,648 shares of the transportation company’s stock worth $318,637,000 after purchasing an additional 166,644 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Knight-Swift Transportation by 8.4% in the 4th quarter. Morgan Stanley now owns 5,015,443 shares of the transportation company’s stock worth $262,859,000 after purchasing an additional 387,501 shares in the last quarter. Hedge funds and other institutional investors own 87.88% of the company’s stock.

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 transportations services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.