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

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned 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 brokerages that have updated their coverage on the stock in the last year is $57.00.

A number of brokerages have recently issued reports on KNX. Citigroup cut Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company. in a report on Tuesday, November 12th. Stifel Nicolaus boosted their price objective on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Morgan Stanley dropped their price objective on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Raymond James lifted their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Finally, Susquehanna increased their price target on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, September 26th.

Insider Activity

In other news, Director Ploeg David Vander sold 500 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the sale, the director now owns 30,729 shares in the company, valued at approximately $1,754,625.90. This represents a 1.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. 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

Institutional investors and hedge funds have recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter valued at approximately $3,729,000. Charles Schwab Investment Management Inc. boosted its holdings in Knight-Swift Transportation by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock worth $61,878,000 after purchasing an additional 26,346 shares during the period. Jane Street Group LLC increased its stake in Knight-Swift Transportation by 30.9% during the third quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company’s stock valued at $3,771,000 after purchasing an additional 16,500 shares during the last quarter. Paloma Partners Management Co increased its stake in Knight-Swift Transportation by 681.6% during the third quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company’s stock valued at $3,237,000 after purchasing an additional 52,323 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Knight-Swift Transportation by 116.1% during the third quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company’s stock worth $7,056,000 after purchasing an additional 70,276 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $53.04 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 230.62, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Knight-Swift Transportation has a one year low of $45.55 and a one year high of $60.99. The company has a 50 day moving average price of $55.40 and a 200 day moving average price of $52.75.

Knight-Swift Transportation (NYSE:KNX) last issued its 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 business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was down 7.1% on a year-over-year basis. Sell-side analysts anticipate that Knight-Swift Transportation will post 1.05 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Friday, December 6th. Knight-Swift Transportation’s payout ratio is 278.26%.

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.