Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $59.41 Consensus Price Target from Analysts

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $59.41.

A number of brokerages have recently issued reports on KNX. The Goldman Sachs Group increased their target price on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. StockNews.com upgraded Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. TD Cowen boosted their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Citigroup raised shares of Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 price target on the stock in a research note on Monday, March 10th. Finally, Susquehanna upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "positive" rating and raised their price objective for the company from $48.00 to $67.00 in a research note on Friday, January 3rd.

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Knight-Swift Transportation Stock Performance

KNX stock traded down $0.14 during trading on Tuesday, hitting $44.39. The company had a trading volume of 4,221,499 shares, compared to its average volume of 2,141,835. Knight-Swift Transportation has a 1-year low of $42.84 and a 1-year high of $61.51. The firm has a 50-day moving average price of $52.46 and a 200-day moving average price of $53.42. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The firm has a market cap of $7.19 billion, a PE ratio of 60.69 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates 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, analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation's payout ratio is 98.63%.

Insider Transactions at Knight-Swift Transportation

In related news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction dated 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 completion of the purchase, the director now 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KNX. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Knight-Swift Transportation in the third quarter worth about $3,729,000. Charles Schwab Investment Management Inc. raised its position in shares of Knight-Swift Transportation by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company's stock valued at $61,878,000 after purchasing an additional 26,346 shares in the last quarter. Stanley Laman Group Ltd. purchased a new position in shares of Knight-Swift Transportation during the 4th quarter valued at approximately $3,021,000. Jane Street Group LLC grew its position in shares of Knight-Swift Transportation by 30.9% during the third 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. Finally, Paloma Partners Management Co increased its stake in shares of Knight-Swift Transportation by 681.6% in the third quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company's stock worth $3,237,000 after buying an additional 52,323 shares during the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

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.