Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $55.94 Consensus Target Price from Analysts

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) have been given an average rating of "Moderate Buy" by the eighteen ratings firms that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $56.00.

Several equities research analysts recently issued reports on KNX shares. Bank of America downgraded Knight-Swift Transportation from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $66.00 to $46.00 in a research note on Tuesday, April 1st. TD Cowen raised their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Citigroup upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $53.00 to $48.00 in a research note on Tuesday, April 8th. Benchmark reaffirmed a "buy" rating and set a $63.00 price objective on shares of Knight-Swift Transportation in a research report on Monday. Finally, Stifel Nicolaus lowered their price target on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a report on Monday.

Knight-Swift Transportation Price Performance

NYSE:KNX traded up $0.63 during trading hours on Friday, reaching $38.79. 124,912 shares of the company's stock were exchanged, compared to its average volume of 2,305,639. 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 company has a market capitalization of $6.28 billion, a P/E ratio of 53.18 and a beta of 1.16. Knight-Swift Transportation has a 12 month low of $36.69 and a 12 month high of $61.51. The business's 50-day simple moving average is $46.50 and its two-hundred day simple moving average is $51.91.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Sell-side 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 declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Friday, March 7th. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's dividend payout ratio is 98.63%.

Insider Activity at Knight-Swift Transportation

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

Institutional Trading of Knight-Swift Transportation

Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. grew its stake in shares of Knight-Swift Transportation by 6.8% during the fourth quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company's stock worth $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% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company's stock worth $370,819,000 after buying an additional 505,543 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Knight-Swift Transportation by 3.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company's stock valued at $221,541,000 after acquiring an additional 125,827 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Knight-Swift Transportation by 1.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company's stock valued at $188,632,000 after acquiring an additional 63,241 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Knight-Swift Transportation by 1.7% during 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 during the last quarter. Institutional investors own 88.77% of the company's stock.

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.