Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Given Consensus Rating of “Moderate Buy” by Brokerages

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $56.00.

Several analysts recently commented on KNX shares. StockNews.com upgraded shares of Knight-Swift Transportation to a “sell” rating in a research report on Thursday, July 25th. Susquehanna upped their price target on Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. The Goldman Sachs Group cut their price objective on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Finally, Evercore ISI increased their price objective on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, October 24th.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the completion of the sale, the director now owns 21,833 shares of the company’s stock, valued at $1,164,135.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in shares of Knight-Swift Transportation by 10.9% in the 2nd quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock valued at $379,133,000 after acquiring an additional 744,412 shares during the period. Dimensional Fund Advisors LP raised its position in Knight-Swift Transportation by 27.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock valued at $271,121,000 after purchasing an additional 1,176,069 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Knight-Swift Transportation by 13.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company’s stock worth $219,870,000 after purchasing an additional 467,647 shares in the last quarter. Ceredex Value Advisors LLC lifted its stake in Knight-Swift Transportation by 3.6% during the second quarter. Ceredex Value Advisors LLC now owns 1,637,206 shares of the transportation company’s stock worth $81,729,000 after purchasing an additional 57,493 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Knight-Swift Transportation by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 1,337,737 shares of the transportation company’s stock worth $72,171,000 after buying an additional 6,803 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Trading Down 4.1 %

Knight-Swift Transportation stock opened at $56.48 on Wednesday. Knight-Swift Transportation has a 52 week low of $45.55 and a 52 week high of $60.99. The stock has a 50-day moving average price of $52.70 and a 200 day moving average price of $50.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 245.57, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. Sell-side analysts anticipate that Knight-Swift Transportation will post 1.05 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.13%. Knight-Swift Transportation’s dividend payout ratio is currently 278.26%.

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.