Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Given Average Recommendation of “Moderate Buy” by Analysts

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $55.88.

Several brokerages have recently issued reports on KNX. UBS Group lowered their price objective on shares of 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. TD Cowen boosted their price target on Knight-Swift Transportation from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. The Goldman Sachs Group dropped their price target on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Evercore ISI reduced their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set an “in-line” rating on the stock in a research note on Thursday, October 3rd. Finally, Barclays increased their target price on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 30,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the sale, the chairman now directly owns 1,467,360 shares in the company, valued at $73,852,228.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Michael K. Liu sold 5,696 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total transaction of $304,679.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Kevin P. Knight sold 30,000 shares of Knight-Swift Transportation stock in a transaction dated 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 completion of the transaction, the chairman now owns 1,467,360 shares of the company’s stock, valued at $73,852,228.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,196 shares of company stock valued at $4,367,869. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at approximately $361,000. Creative Planning increased its stake in Knight-Swift Transportation by 4.7% during the third quarter. Creative Planning now owns 21,133 shares of the transportation company’s stock valued at $1,140,000 after purchasing an additional 945 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Knight-Swift Transportation by 8.1% during the third quarter. Inspire Investing LLC now owns 7,597 shares of the transportation company’s stock worth $410,000 after purchasing an additional 572 shares during the period. Country Trust Bank lifted its position in shares of Knight-Swift Transportation by 1.4% in the 3rd quarter. Country Trust Bank now owns 599,849 shares of the transportation company’s stock worth $32,362,000 after buying an additional 8,041 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of Knight-Swift Transportation in the 3rd quarter valued at about $207,000. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Up 0.3 %

Shares of Knight-Swift Transportation stock opened at $51.95 on Friday. The firm has a market cap of $8.41 billion, a PE ratio of 126.71, a P/E/G ratio of 1.44 and a beta of 0.92. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. Knight-Swift Transportation has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The business’s fifty day moving average is $52.21 and its two-hundred day moving average is $50.41.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly 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 during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. Analysts anticipate that Knight-Swift Transportation will post 1.07 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 156.10%.

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.