Analysts Set Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Target Price at $55.88

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seventeen analysts that are covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $55.88.

A number of analysts recently issued reports on the company. Susquehanna increased their target price on Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, September 26th. TD Cowen upped their price target on Knight-Swift Transportation from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Thursday, July 25th. Evercore ISI reduced their price target on Knight-Swift Transportation from $55.00 to $49.00 and set an "in-line" rating for the company in a research report on Thursday, October 3rd. StockNews.com raised Knight-Swift Transportation to a "sell" rating in a research report on Thursday, July 25th. Finally, Wolfe Research downgraded Knight-Swift Transportation from an "outperform" rating to a "peer perform" rating in a research report on Thursday, July 11th.

Insider Buying and Selling at Knight-Swift Transportation

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

Institutional Trading of Knight-Swift Transportation

Large investors have recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in Knight-Swift Transportation in the first quarter valued at about $25,000. GAMMA Investing LLC boosted its stake in Knight-Swift Transportation by 67.5% in the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company's stock valued at $35,000 after buying an additional 253 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Knight-Swift Transportation by 3,461.9% during the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company's stock valued at $37,000 after purchasing an additional 727 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Knight-Swift Transportation by 28.6% during the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company's stock valued at $45,000 after purchasing an additional 200 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Knight-Swift Transportation by 50.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company's stock valued at $51,000 after purchasing an additional 343 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Up 0.3 %

NYSE KNX traded up $0.13 during trading hours on Friday, reaching $51.95. 1,363,014 shares of the company's stock were exchanged, compared to its average volume of 2,050,947. The company's 50-day moving average is $52.21 and its two-hundred day moving average is $50.41. Knight-Swift Transportation has a one year low of $45.55 and a one year high of $60.99. 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 has a market capitalization of $8.41 billion, a price-to-earnings ratio of 126.71, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.03). Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the company posted $0.49 earnings per share. Knight-Swift Transportation's revenue for the quarter was up 18.9% compared to the same quarter last year. On average, analysts forecast that Knight-Swift Transportation will post 1.07 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, September 6th. Knight-Swift Transportation's dividend payout ratio is 156.10%.

About Knight-Swift Transportation

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.