KNX has been the subject of a number of other research reports. UBS Group raised shares of Knight-Swift Transportation from a neutral rating to a buy rating and upped their price objective for the company from $39.00 to $40.00 in a report on Friday, October 11th. Stephens began coverage on shares of Knight-Swift Transportation in a report on Monday, July 1st. They issued a buy rating for the company. Bank of America reissued a buy rating and issued a $43.00 price objective (up previously from $38.00) on shares of Knight-Swift Transportation in a report on Thursday, July 25th. Knight Equity began coverage on shares of Knight-Swift Transportation in a report on Thursday, September 5th. They issued a positive rating and a $40.00 price objective for the company. Finally, Citigroup upped their price objective on shares of Knight-Swift Transportation from $35.00 to $40.00 and gave the company a buy rating in a report on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $41.14.
Shares of KNX traded down $0.36 during mid-day trading on Wednesday, reaching $36.54. The stock had a trading volume of 871,526 shares, compared to its average volume of 1,890,150. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. Knight-Swift Transportation has a 52-week low of $23.27 and a 52-week high of $39.26. The business’s fifty day moving average is $35.48 and its 200 day moving average is $33.55. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 1.06 and a beta of 1.98.
Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. Knight-Swift Transportation had a net margin of 8.19% and a return on equity of 8.66%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Knight-Swift Transportation’s quarterly revenue was down 6.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Knight-Swift Transportation will post 2.32 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd were given a $0.06 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.66%. Knight-Swift Transportation’s payout ratio is currently 9.38%.
In other news, COO Kevin Quast sold 4,703 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $33.36, for a total transaction of $156,892.08. Following the sale, the chief operating officer now owns 11,602 shares of the company’s stock, valued at $387,042.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James L. Fitzsimmons sold 1,582 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $36.72, for a total transaction of $58,091.04. Corporate insiders own 27.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of KNX. Captrust Financial Advisors acquired a new stake in Knight-Swift Transportation in the second quarter valued at approximately $25,000. Steward Partners Investment Advisory LLC acquired a new stake in Knight-Swift Transportation in the second quarter valued at approximately $25,000. First National Bank of South Miami acquired a new stake in Knight-Swift Transportation in the second quarter valued at approximately $28,000. Princeton Global Asset Management LLC acquired a new stake in Knight-Swift Transportation in the first quarter valued at approximately $28,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in Knight-Swift Transportation in the second quarter valued at approximately $35,000. 83.73% of the stock is currently owned by institutional investors and hedge funds.
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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