Knight-Swift Transportation (NYSE:KNX) Price Target Lowered to $49.00 at TD Securities

Knight-Swift Transportation (NYSE:KNX) had its price objective lowered by TD Securities from $55.00 to $49.00 in a research report report published on Thursday morning,Benzinga reports. TD Securities currently has a buy rating on the transportation company’s stock.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company reduced their target price on shares of Knight-Swift Transportation from $55.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday. Raymond James decreased their target price on Knight-Swift Transportation from $66.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, April 11th. Benchmark restated a “buy” rating and issued a $63.00 price target on shares of Knight-Swift Transportation in a research report on Monday, April 14th. TD Cowen reduced their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating for the company in a report on Thursday. Finally, Susquehanna cut their price target on Knight-Swift Transportation from $54.00 to $45.00 and set a “positive” rating for the company in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.19.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $40.36 on Thursday. 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 stock has a 50-day moving average of $44.71 and a 200 day moving average of $51.40. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $61.51. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 55.29 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, sell-side analysts forecast that Knight-Swift Transportation will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were given a $0.18 dividend. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio is 98.63%.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $226,850. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its position in Knight-Swift Transportation by 88.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after buying an additional 322 shares during the period. UMB Bank n.a. lifted its holdings in shares of Knight-Swift Transportation by 84.3% in the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after buying an additional 370 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Knight-Swift Transportation by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after buying an additional 213 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Knight-Swift Transportation by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 208 shares in the last quarter. Finally, Arcadia Investment Management Corp MI grew its holdings in Knight-Swift Transportation by 167.2% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company’s stock worth $71,000 after acquiring an additional 836 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

About Knight-Swift Transportation

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.