Shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) have been assigned a consensus recommendation of “Buy” from the seventeen research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $40.33.
A number of analysts have commented on the stock. UBS Group upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $39.00 to $40.00 in a research note on Friday, October 11th. Robert W. Baird restated a “buy” rating and set a $40.00 price target on shares of Knight-Swift Transportation in a research note on Friday, December 20th. KeyCorp decreased their price target on shares of Knight-Swift Transportation from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, December 20th. ValuEngine lowered shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research note on Friday, December 20th. Finally, Wolfe Research upgraded shares of Knight-Swift Transportation from a “peer perform” rating to an “outperform” rating in a research note on Tuesday.
Shares of KNX stock opened at $37.09 on Friday. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 1.19 and a beta of 1.87. Knight-Swift Transportation has a 52 week low of $27.03 and a 52 week high of $39.37. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $36.55 and a 200-day moving average of $35.55.
Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Knight-Swift Transportation had a net margin of 7.80% and a return on equity of 7.99%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $0.65 EPS. Knight-Swift Transportation’s revenue for the quarter was down 10.8% compared to the same quarter last year. Analysts anticipate that Knight-Swift Transportation will post 2.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 9.38%.
In other news, Chairman Kevin P. Knight sold 121,496 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $38.40, for a total value of $4,665,446.40. Also, CAO Cary M. Flanagan sold 3,196 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $38.10, for a total transaction of $121,767.60. Insiders have sold a total of 127,452 shares of company stock valued at $4,893,198 in the last 90 days. 27.50% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Man Group plc bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter worth $1,034,000. Castleark Management LLC grew its position in Knight-Swift Transportation by 32.0% during the third quarter. Castleark Management LLC now owns 544,569 shares of the transportation company’s stock valued at $19,768,000 after buying an additional 132,023 shares during the period. Public Employees Retirement System of Ohio grew its position in Knight-Swift Transportation by 48.1% during the third quarter. Public Employees Retirement System of Ohio now owns 210,150 shares of the transportation company’s stock valued at $7,628,000 after buying an additional 68,276 shares during the period. Parametric Portfolio Associates LLC grew its position in Knight-Swift Transportation by 14.7% during the third quarter. Parametric Portfolio Associates LLC now owns 323,596 shares of the transportation company’s stock valued at $11,747,000 after buying an additional 41,578 shares during the period. Finally, Pictet Asset Management Ltd. grew its position in Knight-Swift Transportation by 33.8% during the third quarter. Pictet Asset Management Ltd. now owns 59,440 shares of the transportation company’s stock valued at $2,158,000 after buying an additional 15,000 shares during the period. Hedge funds and other institutional investors own 84.97% of the company’s stock.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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