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

Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Free Report) has been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $56.81.

Several equities analysts have issued reports on the company. Raymond James boosted their target price on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Evercore ISI lifted their price objective on Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Citigroup downgraded Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective for the company. in a research report on Tuesday, November 12th. Bank of America increased their price objective on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price objective on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday.

View Our Latest Stock Report on KNX

Knight-Swift Transportation Trading Down 1.0 %

KNX opened at $56.39 on Friday. The company has a market cap of $9.13 billion, a P/E ratio of 244.35, a PEG ratio of 1.90 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. Knight-Swift Transportation has a one year low of $45.55 and a one year high of $60.99. The business’s 50-day simple moving average is $54.82 and its 200-day simple moving average is $52.17.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The business’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. As a group, equities research analysts expect that Knight-Swift Transportation will post 1.05 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

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 $0.16 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.13%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 278.26%.

Insider Activity

In other news, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ploeg David Vander sold 500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the sale, the director now directly owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators raised its holdings in shares of Knight-Swift Transportation by 87.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 348 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Knight-Swift Transportation by 28.6% in the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 200 shares during the period. Blue Trust Inc. raised its position in shares of Knight-Swift Transportation by 168.3% in the second quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 579 shares during the period. GAMMA Investing LLC raised its position in shares of Knight-Swift Transportation by 36.6% in the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 302 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of Knight-Swift Transportation by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock worth $62,000 after purchasing an additional 292 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

About Knight-Swift Transportation

(Get Free Report

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.

Further Reading

Analyst Recommendations for Knight-Swift Transportation (NYSE:KNX)

Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.