Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $57.38 Consensus Target Price from Analysts

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $57.38.

KNX has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Susquehanna lowered their target price on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Stephens lowered their target price on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Barclays lowered their target price on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Stifel Nicolaus lowered shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their target price for the stock from $53.00 to $47.00 in a report on Friday, April 26th.

Knight-Swift Transportation Stock Up 1.6 %

Shares of KNX opened at $47.70 on Wednesday. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 71.20, a P/E/G ratio of 1.19 and a beta of 1.03. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $60.99. The company has a 50-day moving average price of $50.23 and a two-hundred day moving average price of $54.01.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm posted $0.73 EPS. The business’s revenue was up 10.0% on a year-over-year basis. Equities analysts predict that Knight-Swift Transportation will post 1.26 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a $0.16 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.34%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 95.52%.

Insider Activity at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at approximately $287,836.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rise Advisors LLC bought a new stake in shares of Knight-Swift Transportation during the 1st quarter worth approximately $25,000. GAMMA Investing LLC lifted its holdings in shares of 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 during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Knight-Swift Transportation by 136.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock worth $38,000 after acquiring an additional 385 shares during the period. Blue Trust Inc. lifted its stake in Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 326 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Knight-Swift Transportation by 61.7% in the 4th quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

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.