Knight-Swift Transportation (NYSE:KNX) PT Raised to $48.00 at Stifel Nicolaus

Knight-Swift Transportation (NYSE:KNX - Free Report) had its target price upped by Stifel Nicolaus from $47.00 to $48.00 in a report issued on Friday morning, Benzinga reports. They currently have a hold rating on the transportation company's stock.

KNX has been the topic of a number of other reports. Raymond James upped their price target on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Monday, October 14th. Susquehanna upped their target price on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a "neutral" rating in a report on Thursday, September 26th. Wolfe Research downgraded shares of Knight-Swift Transportation from an "outperform" rating to a "peer perform" rating in a report on Thursday, July 11th. Bank of America boosted their price target on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday. Finally, TD Cowen raised their price objective on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and an average price target of $55.94.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX traded up $0.61 during midday trading on Friday, reaching $52.55. 1,698,619 shares of the company's stock were exchanged, compared to its average volume of 2,068,651. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88. The company's 50 day simple moving average is $52.24 and its two-hundred day simple moving average is $50.38. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $60.99. The firm has a market capitalization of $8.51 billion, a PE ratio of 128.17, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The firm had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.91 billion. During the same quarter last year, the company earned $0.41 earnings per share. The company's revenue for the quarter was down 7.1% compared to the same quarter last year. Equities research analysts expect that Knight-Swift Transportation will post 1.06 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 6th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, September 6th. Knight-Swift Transportation's dividend payout ratio is presently 156.10%.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 30,000 shares of the firm's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $50.33, for a total value of $1,509,900.00. Following the transaction, the chairman now directly owns 1,467,360 shares in the company, valued at $73,852,228.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 45,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $51.53, for a total value of $2,318,850.00. Following the sale, the chairman now directly owns 1,422,360 shares in the company, valued at approximately $73,294,210.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Kevin P. Knight sold 30,000 shares of the business's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the completion of the transaction, the chairman now directly owns 1,467,360 shares of the company's stock, valued at $73,852,228.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,196 shares of company stock worth $4,367,869. Insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Large investors have recently modified their holdings of the business. Aviance Capital Partners LLC grew its position in shares of Knight-Swift Transportation by 1.3% in the 1st quarter. Aviance Capital Partners LLC now owns 99,098 shares of the transportation company's stock valued at $5,452,000 after purchasing an additional 1,316 shares during the period. State of Michigan Retirement System boosted its holdings in shares of Knight-Swift Transportation by 1.9% in the first quarter. State of Michigan Retirement System now owns 47,731 shares of the transportation company's stock valued at $2,626,000 after buying an additional 900 shares during the period. Retirement Systems of Alabama increased its position in shares of Knight-Swift Transportation by 0.6% during the first quarter. Retirement Systems of Alabama now owns 391,491 shares of the transportation company's stock worth $21,540,000 after acquiring an additional 2,175 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Knight-Swift Transportation by 9.3% during the first quarter. BNP Paribas Financial Markets now owns 96,842 shares of the transportation company's stock worth $5,328,000 after acquiring an additional 8,238 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Knight-Swift Transportation by 1.5% during the first quarter. Janney Montgomery Scott LLC now owns 22,706 shares of the transportation company's stock worth $1,249,000 after acquiring an additional 326 shares during the period. 88.77% of the stock is currently 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.