Knight-Swift Transportation (NYSE:KNX) Reaches New 52-Week Low - Time to Sell?

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $42.47 and last traded at $42.99, with a volume of 88511 shares. The stock had previously closed at $43.55.

Wall Street Analyst Weigh In

KNX has been the subject of several research reports. StockNews.com raised Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Raymond James increased their price target on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on Knight-Swift Transportation from $65.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Susquehanna lowered their target price on Knight-Swift Transportation from $67.00 to $54.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.24.

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Knight-Swift Transportation Stock Down 12.2 %

The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 54.13 and a beta of 0.97. The firm's 50-day moving average is $50.56 and its 200 day moving average is $52.98. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results 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 anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced 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. This represents a $0.72 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase 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 related news, Director Douglas L. Col purchased 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Several institutional investors and hedge funds have recently modified their holdings of KNX. Bank of Montreal Can boosted its holdings in Knight-Swift Transportation by 180.6% in the 3rd quarter. Bank of Montreal Can now owns 81,266 shares of the transportation company's stock worth $4,392,000 after acquiring an additional 52,309 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Knight-Swift Transportation by 24.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,036,790 shares of the transportation company's stock worth $55,935,000 after purchasing an additional 204,228 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Knight-Swift Transportation by 61.6% in the third quarter. Rockefeller Capital Management L.P. now owns 20,109 shares of the transportation company's stock valued at $1,085,000 after purchasing an additional 7,666 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Knight-Swift Transportation in the third quarter valued at $879,000. Finally, Investment Management Corp of Ontario acquired a new stake in Knight-Swift Transportation during the 3rd quarter valued at $289,000. 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.