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

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) has earned an average recommendation of "Moderate Buy" from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $52.67.

KNX has been the subject of several analyst reports. TD Cowen lowered their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group raised Knight-Swift Transportation from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $45.00 to $65.00 in a research note on Monday. Wells Fargo & Company increased their price target on Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Susquehanna decreased their price target on Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Finally, Raymond James decreased their price target on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating for the company in a research report on Friday, April 11th.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Director Douglas L. Col acquired 5,000 shares of Knight-Swift Transportation stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $226,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Several institutional investors and hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in shares of Knight-Swift Transportation by 9,383.3% in the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after acquiring an additional 563 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Knight-Swift Transportation by 93.4% in the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after acquiring an additional 310 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after acquiring an additional 322 shares during the period. UMB Bank n.a. boosted its holdings in shares of Knight-Swift Transportation by 40.0% in the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after acquiring an additional 324 shares during the period. Finally, Arcadia Investment Management Corp MI boosted its holdings in shares of Knight-Swift Transportation by 167.2% in the fourth 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 during the period. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Stock Down 0.2%

Shares of Knight-Swift Transportation stock traded down $0.11 on Friday, hitting $44.67. The company had a trading volume of 1,736,371 shares, compared to its average volume of 2,334,812. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 61.19 and a beta of 1.18. Knight-Swift Transportation has a 1 year low of $36.69 and a 1 year high of $61.51. The stock has a 50 day moving average of $41.94 and a 200-day moving average of $49.30. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85.

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

Knight-Swift Transportation Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, June 9th. Knight-Swift Transportation's dividend payout ratio (DPR) is 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.