Knight-Swift Transportation (NYSE:KNX) Sets New 1-Year Low - What's Next?

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $45.54 and last traded at $45.65, with a volume of 459459 shares trading hands. The stock had previously closed at $46.71.

Analysts Set New Price Targets

KNX has been the subject of several recent research reports. TD Cowen boosted their price target 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. Susquehanna upgraded Knight-Swift Transportation from a "neutral" rating to a "positive" rating and upped their target price for the stock from $48.00 to $67.00 in a research note on Friday, January 3rd. Citigroup upgraded Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 target price for the company in a research note on Monday, March 10th. Benchmark started coverage on shares of Knight-Swift Transportation in a report on Tuesday, March 4th. They set a "buy" rating and a $63.00 price target for the company. Finally, StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $59.41.

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Knight-Swift Transportation Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The stock has a market cap of $7.68 billion, a PE ratio of 64.99 and a beta of 0.97. The company's 50 day simple moving average is $53.11 and its 200 day simple moving average is $53.61.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (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%. Analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.52%. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 98.63%.

Insider Transactions at Knight-Swift Transportation

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in Knight-Swift Transportation by 6.8% in the 4th 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 boosted its holdings in 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 purchasing an additional 505,543 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in 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 purchasing an additional 125,827 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in 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 purchasing an additional 63,241 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in 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 valued at $147,529,000 after purchasing an additional 46,436 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

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.