Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Free Report) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $57.38.

A number of equities research analysts have issued reports on the stock. Robert W. Baird reduced their price objective on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Stifel Nicolaus downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating and decreased their price target for the company from $53.00 to $47.00 in a research report on Friday, April 26th. Loop Capital cut Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $63.00 to $53.00 in a research report on Thursday, April 18th. JPMorgan Chase & Co. decreased their target price on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Finally, TD Cowen cut their price target on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, April 18th.

Read Our Latest Stock Report on KNX

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total value of $112,480.00. Following the completion of the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at approximately $287,836.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KNX. Vanguard Group Inc. grew its position in Knight-Swift Transportation by 0.4% in the third quarter. Vanguard Group Inc. now owns 14,964,291 shares of the transportation company’s stock worth $750,459,000 after acquiring an additional 54,133 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Knight-Swift Transportation by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,058,952 shares of the transportation company’s stock valued at $61,049,000 after purchasing an additional 35,549 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Knight-Swift Transportation by 4.5% during the 3rd quarter. Nordea Investment Management AB now owns 1,251,000 shares of the transportation company’s stock valued at $62,950,000 after buying an additional 54,076 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Knight-Swift Transportation by 22.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 205,951 shares of the transportation company’s stock worth $10,328,000 after buying an additional 37,934 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Knight-Swift Transportation by 3,637.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 185,626 shares of the transportation company’s stock worth $10,701,000 after acquiring an additional 180,659 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Down 4.1 %

KNX stock opened at $46.47 on Wednesday. The firm has a market capitalization of $7.51 billion, a PE ratio of 69.36, a P/E/G ratio of 2.59 and a beta of 1.03. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. Knight-Swift Transportation has a twelve month low of $45.55 and a twelve month high of $60.99. The stock’s 50 day moving average is $50.69 and its 200-day moving average is $54.13.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.07). Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the business posted $0.73 earnings per share. Knight-Swift Transportation’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts expect that Knight-Swift Transportation will post 1.26 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a $0.16 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.38%. Knight-Swift Transportation’s dividend payout ratio is 95.52%.

About Knight-Swift Transportation

(Get Free Report

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.

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Analyst Recommendations for Knight-Swift Transportation (NYSE:KNX)

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