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

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) has earned an average rating of "Moderate Buy" from the seventeen analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $56.38.

Several research firms have weighed in on KNX. The Goldman Sachs Group decreased their target price on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. TD Cowen upped their price objective on Knight-Swift Transportation from $55.00 to $56.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Susquehanna raised their target price on Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, September 26th. Bank of America lifted their target price on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Barclays increased their price target on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th.

Knight-Swift Transportation Stock Down 1.0 %

NYSE KNX traded down $0.55 during trading on Friday, hitting $55.50. The company's stock had a trading volume of 1,363,771 shares, compared to its average volume of 1,855,664. The business's 50 day simple moving average is $54.60 and its 200-day simple moving average is $52.01. The company has a market cap of $8.98 billion, a PE ratio of 241.31, a P/E/G ratio of 1.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. Knight-Swift Transportation has a fifty-two week low of $45.55 and a fifty-two week high of $60.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The company's revenue for the quarter was down 7.1% on a year-over-year basis. During the same period last year, the company earned $0.41 EPS. On average, equities analysts anticipate that Knight-Swift Transportation will post 1.05 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, December 6th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 278.27%.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 29,779 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ploeg David Vander sold 500 shares of the business's 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 transaction, the director now directly 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 disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in Knight-Swift Transportation by 10.9% in the second quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company's stock valued at $379,133,000 after purchasing an additional 744,412 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Knight-Swift Transportation by 27.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company's stock valued at $271,121,000 after buying an additional 1,176,069 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 in the last quarter. Geode Capital Management LLC lifted its position in Knight-Swift Transportation by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company's stock valued at $147,529,000 after acquiring an additional 46,436 shares during the last quarter. Finally, Ceredex Value Advisors LLC boosted its stake in Knight-Swift Transportation by 3.6% in the second quarter. Ceredex Value Advisors LLC now owns 1,637,206 shares of the transportation company's stock valued at $81,729,000 after acquiring an additional 57,493 shares in 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.