Knight-Swift Transportation (NYSE:KNX) Price Target Cut to $49.00 by Analysts at Stifel Nicolaus

Knight-Swift Transportation (NYSE:KNX - Free Report) had its target price lowered by Stifel Nicolaus from $57.00 to $49.00 in a report released on Monday,Benzinga reports. The firm currently has a hold rating on the transportation company's stock.

Several other research firms have also weighed in on KNX. Raymond James decreased their target price on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company cut their price target on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Susquehanna decreased their price objective on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a "positive" rating for the company in a research note on Wednesday, March 26th. The Goldman Sachs Group cut their target price on shares of Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, Benchmark reaffirmed a "buy" rating and issued a $63.00 target price on shares of Knight-Swift Transportation in a research report on Monday. 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. Based on data from MarketBeat, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and an average price target of $56.00.

Knight-Swift Transportation Stock Performance

KNX stock traded up $1.21 during mid-day trading on Monday, reaching $39.37. The company had a trading volume of 2,587,485 shares, compared to its average volume of 2,267,832. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $61.51. The stock's 50-day simple moving average is $46.20 and its two-hundred day simple moving average is $51.81. The stock has a market capitalization of $6.38 billion, a P/E ratio of 53.93 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Research analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.83%. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. Knight-Swift Transportation's dividend payout ratio is currently 98.63%.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Director Douglas L. Col purchased 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Several hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in shares of Knight-Swift Transportation by 88.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock valued at $36,000 after purchasing an additional 322 shares in the last quarter. UMB Bank n.a. increased its holdings in Knight-Swift Transportation by 84.3% in the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock valued at $43,000 after purchasing an additional 370 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock worth $67,000 after acquiring an additional 213 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after buying an additional 208 shares during the period. Finally, Arcadia Investment Management Corp MI raised its position in shares of Knight-Swift Transportation by 167.2% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after acquiring an additional 836 shares in the last quarter. 88.77% of the stock is owned by 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.