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 been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $57.71.

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Loop Capital lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their target price for the company from $63.00 to $53.00 in a research report on Thursday, April 18th. Bank of America cut their target price on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Stephens cut their target price on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Finally, Robert W. Baird cut their target price on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday.

Knight-Swift Transportation Stock Down 0.6 %

KNX stock opened at $46.88 on Friday. The firm has a market cap of $7.57 billion, a PE ratio of 69.97, a PEG ratio of 2.48 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s 50 day moving average price is $53.52 and its 200-day moving average price is $54.15. Knight-Swift Transportation has a one year low of $45.73 and a one year 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 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.07). The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.53%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. On average, equities research analysts anticipate that Knight-Swift Transportation will post 1.31 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a $0.16 dividend. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.37%. Knight-Swift Transportation’s payout ratio is 95.52%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the completion of the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at $287,836.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pinnacle Associates Ltd. acquired a new position in shares of Knight-Swift Transportation during the first quarter worth $365,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Knight-Swift Transportation by 95.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,172 shares of the transportation company’s stock worth $5,071,000 after purchasing an additional 44,987 shares in the last quarter. Simplicity Wealth LLC acquired a new position in shares of Knight-Swift Transportation during the first quarter worth $353,000. Louisiana State Employees Retirement System grew its stake in shares of Knight-Swift Transportation by 2.4% during the first quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the transportation company’s stock worth $2,553,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of Knight-Swift Transportation by 9.1% during the first quarter. Amalgamated Bank now owns 109,035 shares of the transportation company’s stock worth $5,999,000 after purchasing an additional 9,079 shares in the last quarter. Institutional investors and hedge funds own 88.77% 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 transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.