Knight-Swift Transportation (NYSE:KNX) Price Target Cut to $46.00 by Analysts at UBS Group

Knight-Swift Transportation (NYSE:KNX) had its price objective lowered by UBS Group from $63.00 to $46.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other research analysts have also weighed in on the company. Stifel Nicolaus dropped their target price on Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group cut their price objective on shares of Knight-Swift Transportation from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. TD Cowen boosted their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Raymond James dropped their price target on shares of Knight-Swift Transportation from $66.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 11th. Finally, StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average price target of $55.13.

Knight-Swift Transportation Stock Up 0.9 %

Knight-Swift Transportation stock opened at $38.97 on Tuesday. Knight-Swift Transportation has a twelve month low of $36.69 and a twelve month high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The firm has a market cap of $6.31 billion, a PE ratio of 53.38 and a beta of 1.16. The firm’s 50 day moving average price is $45.28 and its two-hundred day moving average price is $51.56.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, research analysts predict that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were issued a $0.18 dividend. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.85%. Knight-Swift Transportation’s dividend payout ratio is 98.63%.

Insider Transactions at Knight-Swift Transportation

In other news, Director Douglas L. Col bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $226,850. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its position in shares of Knight-Swift Transportation by 6.8% during the 4th quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company’s stock valued at $423,265,000 after acquiring an additional 506,491 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Knight-Swift Transportation by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company’s stock valued at $370,819,000 after purchasing an additional 505,543 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Knight-Swift Transportation by 3.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company’s stock valued at $221,541,000 after purchasing an additional 125,827 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Knight-Swift Transportation by 1.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company’s stock worth $188,632,000 after buying an additional 63,241 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Knight-Swift Transportation by 36.8% in the 4th quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company’s stock worth $100,004,000 after buying an additional 507,370 shares in the last quarter. 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.