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

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been given an average recommendation of “Moderate Buy” by the seventeen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $58.19.

Several brokerages have weighed in on KNX. Bank of America cut their price target on Knight-Swift Transportation from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. The Goldman Sachs Group upped their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Evercore ISI lifted their price target on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Citigroup downgraded shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective on the stock. in a research report on Tuesday, November 12th. Finally, Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $48.00 to $67.00 in a research note on Friday.

Insider Activity at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 29,779 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the transaction, the director now owns 30,729 shares in the company, valued at approximately $1,754,625.90. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of large investors have recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Knight-Swift Transportation during the third quarter worth about $3,729,000. Charles Schwab Investment Management Inc. increased its position in Knight-Swift Transportation by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock worth $61,878,000 after purchasing an additional 26,346 shares during the period. Jane Street Group LLC raised its stake in shares of Knight-Swift Transportation by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock worth $3,771,000 after buying an additional 16,500 shares in the last quarter. Paloma Partners Management Co lifted its holdings in shares of Knight-Swift Transportation by 681.6% in the 3rd quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock valued at $3,237,000 after buying an additional 52,323 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Knight-Swift Transportation by 116.1% in the third quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company’s stock valued at $7,056,000 after buying an additional 70,276 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

NYSE KNX opened at $54.28 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $8.79 billion, a P/E ratio of 236.01, a P/E/G ratio of 1.89 and a beta of 0.98. The stock has a 50-day moving average of $55.45 and a two-hundred day moving average of $52.89. Knight-Swift Transportation has a 1-year low of $45.55 and a 1-year high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. As a group, analysts anticipate that Knight-Swift Transportation will post 1.05 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 6th were issued a $0.16 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.18%. Knight-Swift Transportation’s payout ratio is 278.26%.

Knight-Swift Transportation Company 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.