Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) has received a consensus recommendation of "Moderate Buy" from the nineteen brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $61.71.
Several equities analysts have recently commented on the company. Credit Suisse Group cut their price target on Knight-Swift Transportation to $66.00 in a research note on Friday, July 22nd. Wolfe Research upgraded Knight-Swift Transportation from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 12th. Barclays cut their target price on Knight-Swift Transportation from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 12th. Evercore ISI raised Knight-Swift Transportation from an "in-line" rating to an "outperform" rating and set a $35.00 price target for the company in a report on Tuesday, July 12th. Finally, Susquehanna raised their price target on Knight-Swift Transportation from $64.00 to $65.00 and gave the stock a "positive" rating in a report on Thursday, July 21st.
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Insider Buying and Selling
In related news, EVP James E. Jr. Updike sold 2,400 shares of Knight-Swift Transportation stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $55.18, for a total transaction of $132,432.00. Following the completion of the sale, the executive vice president now owns 19,944 shares of the company's stock, valued at $1,100,509.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.10% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of KNX. Hussman Strategic Advisors Inc. purchased a new stake in shares of Knight-Swift Transportation in the second quarter valued at approximately $3,587,000. Amundi increased its position in shares of Knight-Swift Transportation by 147.2% in the second quarter. Amundi now owns 308,275 shares of the transportation company's stock valued at $14,751,000 after buying an additional 183,581 shares in the last quarter. Stock Yards Bank & Trust Co. purchased a new stake in shares of Knight-Swift Transportation during the second quarter worth approximately $496,000. Captrust Financial Advisors increased its position in shares of Knight-Swift Transportation by 29.6% during the second quarter. Captrust Financial Advisors now owns 3,832 shares of the transportation company's stock worth $177,000 after purchasing an additional 875 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Knight-Swift Transportation by 5.2% during the second quarter. Legal & General Group Plc now owns 814,136 shares of the transportation company's stock worth $37,686,000 after purchasing an additional 40,043 shares in the last quarter. 89.64% of the stock is owned by institutional investors and hedge funds.
Knight-Swift Transportation Stock Performance
KNX stock opened at $49.78 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $51.97 and its two-hundred day simple moving average is $49.69. Knight-Swift Transportation has a twelve month low of $42.50 and a twelve month high of $62.29. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.61 and a beta of 1.26.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last released its earnings results on Wednesday, July 20th. The transportation company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.06. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.85 billion. Knight-Swift Transportation had a return on equity of 14.44% and a net margin of 12.26%. The business's revenue was up 49.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Analysts predict that Knight-Swift Transportation will post 5.39 earnings per share for the current year.
Knight-Swift Transportation Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Monday, September 5th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, September 1st. Knight-Swift Transportation's dividend payout ratio (DPR) is 8.97%.
About Knight-Swift Transportation
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Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.
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