Analysts Set Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Target Price at $62.50

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $62.50.

KNX has been the topic of a number of analyst reports. Barclays reduced their target price on shares of Knight-Swift Transportation from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, April 1st. Stifel Nicolaus boosted their price target on shares of Knight-Swift Transportation from $54.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Susquehanna reduced their price target on shares of Knight-Swift Transportation from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th.

Insider Buying and Selling

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at approximately $287,836.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Knight-Swift Transportation by 67.5% during the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after acquiring an additional 253 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Knight-Swift Transportation by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 15,021,291 shares of the transportation company’s stock valued at $865,977,000 after buying an additional 57,000 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Knight-Swift Transportation by 15.7% in the 4th quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock valued at $906,016,000 after buying an additional 2,137,296 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Knight-Swift Transportation by 63.8% in the 4th quarter. V Square Quantitative Management LLC now owns 1,697 shares of the transportation company’s stock valued at $98,000 after buying an additional 661 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Price Performance

Shares of KNX stock opened at $53.17 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s 50-day moving average is $56.24 and its two-hundred day moving average is $54.18. Knight-Swift Transportation has a 12 month low of $45.73 and a 12 month high of $60.99. The company has a market capitalization of $8.59 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 1.44 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, January 24th. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.38). Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Analysts predict that Knight-Swift Transportation will post 2.47 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a dividend of $0.16 per share. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio is presently 48.12%.

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.