Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen analysts that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $53.13.

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. TD Cowen cut their price objective on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Citigroup increased their price objective on Knight-Swift Transportation from $48.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Barclays lowered their target price on Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th.

Institutional Investors Weigh In On Knight-Swift Transportation

Several hedge funds and other institutional investors have recently made changes to their positions in KNX. Concurrent Investment Advisors LLC increased its stake in Knight-Swift Transportation by 4.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company's stock valued at $281,000 after purchasing an additional 235 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Knight-Swift Transportation in the 4th quarter valued at $749,000. Parkside Financial Bank & Trust grew its position in shares of 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 last quarter. First American Bank grew its position in shares of Knight-Swift Transportation by 1.9% in the 4th quarter. First American Bank now owns 67,329 shares of the transportation company's stock valued at $3,571,000 after buying an additional 1,276 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Knight-Swift Transportation by 45.5% during the 4th quarter. Jones Financial Companies Lllp now owns 10,739 shares of the transportation company's stock worth $570,000 after acquiring an additional 3,357 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Trading Up 1.9%

Shares of KNX stock traded up $0.83 on Thursday, hitting $45.05. The stock had a trading volume of 189,931 shares, compared to its average volume of 2,372,716. The company's 50 day moving average price is $42.91 and its 200-day moving average price is $47.77. Knight-Swift Transportation has a 1 year low of $36.69 and a 1 year high of $61.51. The firm has a market capitalization of $7.30 billion, a P/E ratio of 47.94, a P/E/G ratio of 0.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.88.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. Analysts anticipate that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were given a dividend of $0.18 per share. The ex-dividend date was Monday, June 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.60%. Knight-Swift Transportation's dividend payout ratio is currently 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.