Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Given Consensus Rating of "Moderate Buy" by Analysts

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eighteen analysts that are covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $59.41.

KNX has been the subject of several research reports. TD Cowen lifted their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price target on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Benchmark began coverage on shares of Knight-Swift Transportation in a research report on Tuesday, March 4th. They set a "buy" rating and a $63.00 target price on the stock. Susquehanna upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "positive" rating and lifted their price target for the company from $48.00 to $67.00 in a research report on Friday, January 3rd. Finally, Bank of America increased their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock traded up $0.57 during mid-day trading on Tuesday, hitting $44.99. 3,995,176 shares of the company's stock traded hands, compared to its average volume of 2,157,575. 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 firm has a 50 day simple moving average of $52.30 and a two-hundred day simple moving average of $53.37. Knight-Swift Transportation has a fifty-two week low of $42.72 and a fifty-two week high of $61.51. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 61.63 and a beta of 0.97.

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Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, research analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, March 7th. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's dividend payout ratio is presently 98.63%.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $226,850. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its holdings in Knight-Swift Transportation by 6.8% in the fourth quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company's stock valued at $423,265,000 after purchasing an additional 506,491 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Knight-Swift Transportation by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company's stock valued at $370,819,000 after buying an additional 505,543 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Knight-Swift Transportation by 3.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company's stock valued at $221,541,000 after buying an additional 125,827 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Knight-Swift Transportation by 1.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company's stock worth $188,632,000 after acquiring an additional 63,241 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Knight-Swift Transportation by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company's stock worth $147,529,000 after acquiring an additional 46,436 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

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.