Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $65.00 at TD Cowen

Knight-Swift Transportation (NYSE:KNX - Free Report) had its price objective increased by TD Cowen from $62.00 to $65.00 in a report released on Thursday, Marketbeat.com reports. They currently have a buy rating on the transportation company's stock.

Several other research analysts have also recently weighed in on the company. Stifel Nicolaus boosted their price target on Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Barclays boosted their target price on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Morgan Stanley dropped their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Raymond James boosted their price objective on shares of Knight-Swift Transportation from $60.00 to $62.00 and gave the company a "strong-buy" rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group raised their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $59.38.

Knight-Swift Transportation Stock Up 4.6 %

Shares of NYSE:KNX traded up $2.54 on Thursday, hitting $57.54. 6,090,904 shares of the company traded hands, compared to its average volume of 2,335,476. The stock has a 50 day simple moving average of $55.24 and a 200-day simple moving average of $53.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. The company has a market cap of $9.32 billion, a PE ratio of 250.19, a PEG ratio of 1.03 and a beta of 0.98. Knight-Swift Transportation has a 52 week low of $45.55 and a 52 week high of $61.51.

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, beating analysts' consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. As a group, research analysts expect that Knight-Swift Transportation will post 1.04 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 6th were given a $0.16 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.11%. Knight-Swift Transportation's payout ratio is 278.27%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 29,779 shares of Knight-Swift Transportation stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ploeg David Vander sold 500 shares of the business's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares in the company, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors have recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Knight-Swift Transportation in the third quarter valued at $3,729,000. Charles Schwab Investment Management Inc. lifted its position in Knight-Swift Transportation by 2.4% during the third 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 during the last quarter. Jane Street Group LLC grew its stake in shares of Knight-Swift Transportation by 30.9% in the 3rd 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. Paloma Partners Management Co increased its holdings in shares of Knight-Swift Transportation by 681.6% in the 3rd 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. Finally, BNP Paribas Financial Markets raised its position in shares of Knight-Swift Transportation by 116.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company's stock valued at $7,056,000 after buying an additional 70,276 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company's stock.

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.