Knight-Swift Transportation (NYSE:KNX) Shares Gap Down - Should You Sell?

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $56.34, but opened at $55.00. Knight-Swift Transportation shares last traded at $54.39, with a volume of 348,023 shares.

Analyst Ratings Changes

Several brokerages recently commented on KNX. Stifel Nicolaus upped their target price on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a "hold" rating in a report on Friday, October 25th. Raymond James boosted their price target on Knight-Swift Transportation from $60.00 to $62.00 and gave the company a "strong-buy" rating in a research note on Friday, January 10th. Morgan Stanley decreased their target price on Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. Evercore ISI increased their price target on Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an "in-line" rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group upped their target price on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.56.

Knight-Swift Transportation Stock Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $8.90 billion, a PE ratio of 239.10, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The company's 50 day moving average price is $55.51 and its 200-day moving average price is $53.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The business's revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. Equities research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 1.04 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, December 6th. Knight-Swift Transportation's payout ratio is currently 278.27%.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 29,779 shares of the firm's 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ploeg David Vander sold 500 shares of the company'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 transaction, the director now directly 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. Insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Several large investors have recently added to or reduced their stakes in KNX. Franklin Resources Inc. purchased a new position in shares of Knight-Swift Transportation during the third quarter worth about $70,185,000. Interval Partners LP grew its stake in Knight-Swift Transportation by 8,520.1% in the 2nd quarter. Interval Partners LP now owns 1,293,011 shares of the transportation company's stock worth $64,547,000 after buying an additional 1,278,011 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Knight-Swift Transportation by 1,728.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,330,934 shares of the transportation company's stock worth $66,440,000 after buying an additional 1,258,157 shares during the last quarter. Millennium Management LLC raised its position in shares of Knight-Swift Transportation by 309.7% during the 2nd quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company's stock valued at $53,331,000 after buying an additional 807,572 shares in the last quarter. Finally, Brandes Investment Partners LP bought a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth $30,251,000. 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.

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