Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $59.41 Consensus Target Price from Analysts

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has earned an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $59.41.

KNX has been the topic of several recent analyst reports. Bank of America boosted their target price on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. The Goldman Sachs Group boosted their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. TD Cowen boosted their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Raymond James raised their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd.

Insider Activity at Knight-Swift Transportation

In other news, Director Douglas L. Col purchased 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $45.37 per share, with a total value of $226,850.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $226,850. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. bought a new position in shares of Knight-Swift Transportation during the 3rd quarter valued at $70,185,000. Interval Partners LP raised its holdings in Knight-Swift Transportation by 320.7% during the fourth quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company’s stock valued at $93,076,000 after buying an additional 1,337,727 shares in the last quarter. Norges Bank acquired a new stake in shares of Knight-Swift Transportation in the fourth quarter worth about $65,839,000. Junto Capital Management LP bought a new stake in shares of Knight-Swift Transportation during the 4th quarter worth about $34,355,000. Finally, Ceredex Value Advisors LLC increased its holdings in shares of Knight-Swift Transportation by 59.5% during the 4th quarter. Ceredex Value Advisors LLC now owns 1,435,562 shares of the transportation company’s stock valued at $76,142,000 after acquiring an additional 535,518 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Price Performance

Shares of KNX opened at $44.41 on Tuesday. Knight-Swift Transportation has a one year low of $44.33 and a one year high of $61.51. The stock’s fifty day moving average is $52.46 and its 200-day moving average is $53.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 60.83 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Equities analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, March 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. Knight-Swift Transportation’s dividend payout ratio (DPR) is 98.63%.

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.