Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $55.88 Average Price Target from Brokerages

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has received an average rating of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $54.60.

KNX has been the subject of a number of research reports. StockNews.com upgraded Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 25th. UBS Group reduced their price target on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. TD Cowen lifted their price target on shares of Knight-Swift Transportation from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Evercore ISI cut their price objective on shares of Knight-Swift Transportation from $55.00 to $49.00 and set an “in-line” rating for the company in a research note on Thursday, October 3rd. Finally, Susquehanna lifted their target price on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th.

Knight-Swift Transportation Trading Up 0.7 %

Shares of Knight-Swift Transportation stock opened at $52.31 on Friday. The company has a 50 day simple moving average of $52.25 and a two-hundred day simple moving average of $50.35. The firm has a market cap of $8.47 billion, a PE ratio of 127.59, a PEG ratio of 1.72 and a beta of 0.92. Knight-Swift Transportation has a 1 year low of $45.55 and a 1 year high of $60.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data 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). The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The business’s revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. Analysts expect that Knight-Swift Transportation will post 1.06 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.22%. Knight-Swift Transportation’s payout ratio is presently 156.10%.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 30,000 shares of the stock in a transaction that occurred on 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 sale, the chairman now owns 1,467,360 shares in the company, valued at approximately $73,852,228.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 30,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the transaction, the chairman now directly owns 1,467,360 shares of the company’s stock, valued at approximately $73,852,228.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of the firm’s stock in a transaction dated 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 directly owns 21,833 shares of the company’s stock, valued at approximately $1,164,135.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,196 shares of company stock worth $4,367,869 in the last 90 days. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Several large investors have recently bought and sold shares of KNX. Interval Partners LP raised its position in shares of Knight-Swift Transportation by 8,520.1% in the 2nd quarter. Interval Partners LP now owns 1,293,011 shares of the transportation company’s stock worth $64,547,000 after acquiring an additional 1,278,011 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Knight-Swift Transportation by 1,728.8% during the second quarter. Thrivent Financial for Lutherans now owns 1,330,934 shares of the transportation company’s stock valued at $66,440,000 after buying an additional 1,258,157 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Knight-Swift Transportation by 27.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock valued at $271,121,000 after buying an additional 1,176,069 shares in the last quarter. Millennium Management LLC increased its stake in shares of Knight-Swift Transportation by 309.7% in the 2nd quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company’s stock worth $53,331,000 after acquiring an additional 807,572 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Knight-Swift Transportation by 10.9% during 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. 88.77% of the stock is owned by institutional investors.

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.