Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $51.33 Average Price Target from Brokerages

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) have received an average recommendation of "Moderate Buy" from the sixteen research firms that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $51.33.

A number of research firms recently weighed in on KNX. Susquehanna lowered their price objective on shares of Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating on the stock in a research report on Thursday, April 24th. Citigroup raised their target price on shares of Knight-Swift Transportation from $48.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday. JPMorgan Chase & Co. dropped their price target on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. TD Securities cut their price target 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, April 24th. Finally, Wells Fargo & Company raised their price objective on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday.

Insiders Place Their Bets

In other news, Director Douglas L. Col purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $45.37 per share, with a total value of $226,850.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in shares of Knight-Swift Transportation by 8,856.8% in the first quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company's stock worth $70,704,000 after acquiring an additional 1,628,760 shares during the last quarter. Interval Partners LP boosted its position in shares of Knight-Swift Transportation by 320.7% in the fourth quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock worth $93,076,000 after buying an additional 1,337,727 shares during the period. Norges Bank purchased a new position in Knight-Swift Transportation in the 4th quarter worth approximately $65,839,000. SG Americas Securities LLC grew its holdings in Knight-Swift Transportation by 54,434.0% during the 1st quarter. SG Americas Securities LLC now owns 1,103,768 shares of the transportation company's stock valued at $48,003,000 after purchasing an additional 1,101,744 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Knight-Swift Transportation by 102,633.9% during the first quarter. Cubist Systematic Strategies LLC now owns 922,805 shares of the transportation company's stock valued at $40,133,000 after acquiring an additional 923,705 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Stock Performance

Shares of KNX traded up $0.13 during midday trading on Friday, reaching $44.34. 2,831,935 shares of the stock were exchanged, compared to its average volume of 2,335,271. Knight-Swift Transportation has a twelve month low of $36.69 and a twelve month high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 60.74 and a beta of 1.18. The business's 50-day moving average price is $41.95 and its 200 day moving average price is $49.46.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter in the prior year, the business earned $0.12 EPS. Knight-Swift Transportation's quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.

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.