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

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $57.71.

A number of brokerages have recently issued reports on KNX. Stephens dropped their target price on 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 dropped their price objective on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and reduced their target price for the company from $53.00 to $47.00 in a research note on Friday, April 26th. Evercore ISI lowered their target price on shares of Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating on the stock in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. cut their price target 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.

Insider Activity

In other news, CAO Cary M. Flanagan sold 2,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the transaction, the chief accounting officer now owns 5,118 shares of the company’s stock, valued at $287,836.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Knight-Swift Transportation by 25.0% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock worth $50,000 after acquiring an additional 200 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Knight-Swift Transportation by 2.9% in the 4th quarter. Arkadios Wealth Advisors now owns 7,215 shares of the transportation company’s stock valued at $416,000 after acquiring an additional 205 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Knight-Swift Transportation by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 7,542 shares of the transportation company’s stock valued at $378,000 after acquiring an additional 207 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Knight-Swift Transportation by 0.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 40,074 shares of the transportation company’s stock worth $2,310,000 after acquiring an additional 209 shares during the last quarter. Finally, Yousif Capital Management LLC grew its holdings in Knight-Swift Transportation by 0.3% during the fourth quarter. Yousif Capital Management LLC now owns 77,858 shares of the transportation company’s stock valued at $4,489,000 after purchasing an additional 212 shares during the period. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Price Performance

Shares of KNX stock opened at $47.07 on Friday. Knight-Swift Transportation has a one year low of $45.55 and a one year high of $60.99. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.94. The stock has a fifty day moving average price of $52.67 and a 200 day moving average price of $54.10. The stock has a market cap of $7.60 billion, a P/E ratio of 70.25, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. Knight-Swift Transportation’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 earnings per share. Analysts predict that Knight-Swift Transportation will post 1.29 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.36%. The ex-dividend date is Monday, June 10th. Knight-Swift Transportation’s dividend payout ratio is 95.52%.

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.