Knight-Swift Transportation (NYSE:KNX) Price Target Lowered to $49.00 at Evercore ISI

Knight-Swift Transportation (NYSE:KNX - Free Report) had its price objective cut by Evercore ISI from $55.00 to $49.00 in a research note published on Thursday, Benzinga reports. They currently have an in-line rating on the transportation company's stock.

Other equities research analysts have also recently issued research reports about the stock. Bank of America increased their price target on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the company a buy rating in a report on Monday, July 22nd. UBS Group decreased their price target on Knight-Swift Transportation from $59.00 to $58.00 and set a buy rating for the company in a research note on Tuesday, July 9th. JPMorgan Chase & Co. increased their price objective on Knight-Swift Transportation from $51.00 to $57.00 and gave the company a neutral rating in a research report on Thursday, July 25th. Raymond James decreased their target price on Knight-Swift Transportation from $58.00 to $57.00 and set a strong-buy rating for the company in a research report on Thursday, July 25th. Finally, Wells Fargo & Company started coverage on shares of Knight-Swift Transportation in a report on Friday, June 7th. They set an overweight rating and a $56.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $56.71.

Knight-Swift Transportation Stock Down 1.1 %

Shares of KNX stock traded down $0.57 during trading hours on Thursday, hitting $51.45. 1,283,118 shares of the company's stock traded hands, compared to its average volume of 2,061,518. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The stock's fifty day simple moving average is $52.44 and its two-hundred day simple moving average is $50.56. Knight-Swift Transportation has a 12-month low of $45.55 and a 12-month high of $60.99. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 76.09, a PEG ratio of 1.50 and a beta of 0.93.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data 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 net margin of 0.88% and a return on equity of 1.98%. The company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm's quarterly revenue was up 18.9% compared to the same quarter last year. On average, analysts expect that Knight-Swift Transportation will post 1.09 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were issued a $0.16 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.24%. Knight-Swift Transportation's dividend payout ratio is currently 95.52%.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 5,696 shares of the company's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total value of $304,679.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Michael K. Liu sold 5,696 shares of the company's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total value of $304,679.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Kevin P. Knight sold 30,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $50.33, for a total value of $1,509,900.00. Following the sale, the chairman now directly owns 1,467,360 shares in the company, valued at approximately $73,852,228.80. The disclosure for this sale can be found here. Insiders have sold 85,196 shares of company stock valued at $4,367,869 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its position in shares of Knight-Swift Transportation by 0.8% in the second quarter. Commonwealth Equity Services LLC now owns 24,633 shares of the transportation company's stock worth $1,230,000 after buying an additional 196 shares in the last quarter. United Services Automobile Association increased its stake in Knight-Swift Transportation by 1.6% in the 2nd quarter. United Services Automobile Association now owns 12,770 shares of the transportation company's stock worth $637,000 after acquiring an additional 199 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Knight-Swift Transportation by 28.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company's stock worth $45,000 after acquiring an additional 200 shares in the last quarter. Sompo Asset Management Co. Ltd. grew its holdings in shares of Knight-Swift Transportation by 4.8% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 5,000 shares of the transportation company's stock valued at $288,000 after purchasing an additional 230 shares in the last quarter. Finally, MQS Management LLC grew its holdings in shares of Knight-Swift Transportation by 3.7% in the second quarter. MQS Management LLC now owns 6,981 shares of the transportation company's stock valued at $348,000 after purchasing an additional 250 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.