Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives Average Recommendation of “Moderate Buy” from Analysts

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $50.60.

KNX has been the topic of a number of research reports. TD Cowen cut their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on Knight-Swift Transportation from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus lowered their price objective on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Citigroup upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $53.00 to $48.00 in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their price target on shares of Knight-Swift Transportation from $55.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $45.37 per share, with a total value of $226,850.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $226,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Several large investors have recently modified their holdings of KNX. Stanley Laman Group Ltd. acquired a new position in Knight-Swift Transportation in the 4th quarter valued at about $3,021,000. Charles Schwab Investment Management Inc. grew its position in shares of Knight-Swift Transportation by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company’s stock valued at $62,340,000 after purchasing an additional 28,387 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Knight-Swift Transportation by 21.5% during the third quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company’s stock worth $35,242,000 after purchasing an additional 115,447 shares during the period. New England Research & Management Inc. lifted its holdings in Knight-Swift Transportation by 199.2% during the 4th quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company’s stock worth $1,571,000 after purchasing an additional 19,725 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Knight-Swift Transportation in the 4th quarter valued at $749,000. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Trading Down 2.1 %

NYSE:KNX opened at $40.41 on Wednesday. The business’s 50-day simple moving average is $42.83 and its 200-day simple moving average is $50.75. Knight-Swift Transportation has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The stock has a market capitalization of $6.55 billion, a PE ratio of 55.36 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the company earned $0.12 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Sell-side analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.72 annualized dividend and a yield of 1.78%. Knight-Swift Transportation’s dividend payout ratio is 76.60%.

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.