Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $57.00 Consensus Target Price from Analysts

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) have received an average rating of "Moderate Buy" from the seventeen ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $57.00.

Several research analysts have weighed in on the company. Morgan Stanley lowered their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, October 24th. Barclays lifted their price objective on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Stifel Nicolaus increased their target price on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Raymond James raised their price objective on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research note on Monday, October 14th. Finally, Susquehanna upped their target price on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th.

Insider Activity at Knight-Swift Transportation

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

Institutional Trading of Knight-Swift Transportation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of Knight-Swift Transportation by 10.9% during the second quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company's stock worth $379,133,000 after buying an additional 744,412 shares during the period. Dimensional Fund Advisors LP boosted its position in Knight-Swift Transportation by 27.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company's stock valued at $271,121,000 after acquiring an additional 1,176,069 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Knight-Swift Transportation by 13.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company's stock worth $219,870,000 after acquiring an additional 467,647 shares during the period. Geode Capital Management LLC raised its position in shares of Knight-Swift Transportation by 1.7% in the 3rd 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 in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Knight-Swift Transportation by 34.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company's stock valued at $76,224,000 after purchasing an additional 359,566 shares during the period. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX traded down $0.31 on Thursday, hitting $52.73. The company had a trading volume of 1,152,051 shares, compared to its average volume of 2,021,444. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 229.27, a P/E/G ratio of 1.89 and a beta of 0.96. The stock has a 50 day moving average price of $55.41 and a 200 day moving average price of $52.75. Knight-Swift Transportation has a 1-year low of $45.55 and a 1-year high of $60.99. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business earned $0.41 EPS. Knight-Swift Transportation's quarterly revenue was down 7.1% on a year-over-year basis. Analysts expect that Knight-Swift Transportation will post 1.05 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 6th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, December 6th. Knight-Swift Transportation's dividend payout ratio (DPR) is currently 278.26%.

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.