TD Cowen Cuts Knight-Swift Transportation (NYSE:KNX) Price Target to $49.00

Knight-Swift Transportation (NYSE:KNX - Free Report) had its price target cut by TD Cowen from $55.00 to $49.00 in a research report sent to investors on Thursday, MarketBeat.com reports. They currently have a buy rating on the transportation company's stock.

A number of other research firms also recently issued reports on KNX. Citigroup raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $53.00 to $48.00 in a report on Tuesday, April 8th. Benchmark restated a "buy" rating and set a $63.00 price target on shares of Knight-Swift Transportation in a report on Monday, April 14th. UBS Group decreased their price objective on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Susquehanna cut their target price on Knight-Swift Transportation from $67.00 to $54.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Finally, Barclays dropped their price target on Knight-Swift Transportation from $68.00 to $62.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and a consensus target price of $50.60.

Knight-Swift Transportation Stock Up 1.2 %

KNX traded up $0.47 during midday trading on Thursday, hitting $39.25. The company had a trading volume of 907,599 shares, compared to its average volume of 2,972,348. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 53.77 and a beta of 1.16. The stock's 50 day moving average price is $44.12 and its 200 day moving average price is $51.24. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation has a 52 week low of $36.69 and a 52 week high of $61.51.

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

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were given a dividend of $0.18 per share. The ex-dividend date was Friday, March 7th. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.83%. Knight-Swift Transportation's dividend payout ratio is 76.60%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of the purchase, the director now owns 5,000 shares of the company's stock, valued at $226,850. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Knight-Swift Transportation

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its holdings in Knight-Swift Transportation by 88.7% during 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. UMB Bank n.a. raised its stake in shares of Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock valued at $43,000 after acquiring an additional 370 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock valued at $67,000 after acquiring an additional 213 shares during the last quarter. GAMMA Investing LLC grew its stake 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 worth $71,000 after purchasing an additional 208 shares during the last quarter. Finally, Arcadia Investment Management Corp MI increased 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 valued at $71,000 after purchasing an additional 836 shares during the period. Institutional investors own 88.77% of the company's stock.

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.